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Updated almost 3 years ago on . Most recent reply
Rent distribution to partner. What expense is it
Hello, i own a rental with another person. I collect the rent and send half to her. I sent her a 1099 for all the amount I send to her. But Im not sure where to enter this expense in my tax return. I only see specific categories for rental expense. The closest I see is commionsion and fees. Do you have any suggestions? Btw i use HR block, i think this is standard across because it is based on the form.
Thank you!
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Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
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You are doing it wrong. You don't send 1099s for rent to your partner. It is not an expense.
This is a distribution to a partner and you need to file a partnership return.
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