Discussion:RENTAL- TOTAL $ 1099A TO 2 OWNERS?

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Jump to: navigation, search

Discussion Forum Index --> Tax Questions --> RENTAL- TOTAL $ 1099A TO 2 OWNERS?


Ehirrold (talk|edits) said:

17 March 2012
Same 1099A for the full amount of the mortgage went to each co-owner. Calculations show a loss. I would normally report 1/2 for each client. Will IRS question a different amount than the 1099A on each client's return? I don't find a place to explain a difference in my ProSeries software.

Trillium (talk|edits) said:

17 March 2012
There's a CCA regarding this listed in Section 2 of the Foreclosures, 1099-C, 1099-A, cancellation of debt, etc. page.

To join in on this discussion, you must first log in.
Personal tools