PMs and CPAs - do you report gross or net rents on 1099misc?

[Andrew S.]

There was a thread on the board by @Nancy Neville on the general topic of 1099misc.  Apparently it got zapped somehow by the moderators as I can't now find it anymore.  I do have a side-question related to that topic and that is: should the PM report gross rent or "net" rent on the 1099misc?  My PM reports "net" rent because that's what he says his Quick Book program spits out.  To me, it seems he should report gross rents, so that I then can take that as starting point for my tax return and deduct management fees, maintenance, etc.

I'm very clear how I will file my return, but I'm concerned that if the IRS expects to get gross rents on the 1099misc, then our numbers won't match and this could be an audit flag.

Any thoughts?  @Dawn Brenengen @Steven Hamilton II