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How a Taxable Amount or Tax Adjustment Affects a 1099

Two things on the owner side change what ends up on a 1099: the owner’s share of each portfolio (their taxable split), and any tax adjustments on their contact. This article shows you where each is set and how it shows up on the 1099.

Taxable splits

An owner only gets a 1099 for their share of a portfolio. Open the owner contact and look at the Portfolios card. Percent Owned shows each portfolio they’re on and their share. That share is set on the portfolio as the owner’s Distribution Percentage.

Example

Amount

Portfolio taxable income

$10,000.00

Owner A at 50%

$5,000.00 on their 1099

Owner B at 50%

$5,000.00 on their 1099

Change an owner’s split

  1. Open the portfolio.

  2. Find the owner contact and their Distribution Percentage.

  3. Click the grey Edit button, update the percentage, and save.

  4. Recompile from Tax Reporting › Actions › Recompile with Update Amounts ONLY or Update ALL Information.

Tax adjustments

Tax adjustments add or subtract taxable income outside of normal transactions. They’re most often used when you moved to Rentvine mid-year, so one 1099 from Rentvine covers the full year.

  1. Open the owner or vendor contact page.

  2. In the Tax Adjustments card, click Add Tax Adjustment.

  3. Enter the Amount, Date, and a clear Description. Click Save.

  4. Recompile with Update Amounts ONLY or Update ALL Information.

How adjustments flow to the 1099

  • Positive adjustments increase the Adjustment Amount, for example, income collected in your old software.

  • Negative adjustments (enter a minus sign) reduce it, for example, to back out income that was reported in error.

  • The date decides the year. An adjustment dated 12-31-2025 lands on the 2025 1099. One dated 01-01-2026 doesn’t.

Adding a lot at once? Use Settings › Import Owner Tax Adjustments or Import Vendor Tax Adjustments.

See it on the 1099

On the Tax Reporting page, click the pencil icon next to the owner. The Modify Tax Record window shows the split-adjusted income and the adjustments as separate lines:

Field

Example

Taxable Income Amount

$1,400.00

Prepayment Amount

$0.00

Adjustment Amount

$5,000.00

Taxable Amount

$6,400.00

In this example, the owner’s share of taxable income is $1,400.00, and a $5,000.00 tax adjustment dated 12-31-2025 brings the 2025 1099 to $6,400.00.

Frequently Asked Questions

Do tax adjustments show on owner statements or reports?

No. They only affect the 1099. Use clear descriptions so you remember why each one was added.

I added an adjustment. Why didn’t the 1099 change?

Check that the date falls in the tax year, then recompile with Update Amounts ONLY or Update ALL Information.

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