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

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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.

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