Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

24
Posts
6
Votes
HJ Wang
  • Nashville TN
6
Votes |
24
Posts

Rent distribution to partner. What expense is it

HJ Wang
  • Nashville TN
Posted

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!

Most Popular Reply

User Stats

4,989
Posts
3,564
Votes
Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • FL
3,564
Votes |
4,989
Posts
Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • FL
Replied

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. 

business profile image
INVESTOR FRIENDLY CPA®
5.0 stars
241 Reviews
business profile image
TaxMD™ | AI-Powered Tax Planning

Loading replies...