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Tax, SDIRAs & Cost Segregation

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Hayes Merkert
  • Property Manager
  • Lutherville
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5
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Questions about 1099 MISC Forms

Hayes Merkert
  • Property Manager
  • Lutherville
Posted Feb 18 2019, 18:07

I am a property manager and 2018 was the first year in business. I sent my 1099-MISC for my clients, but a customer had a question on a property owned by multiple people. 

Do I issue them both 1099s for the same amount or just one, or depending on % of ownership?

Additionally, from what I understand, I send them the gross receipt of rents and not net of what I sent minus expenses. 

Thanks,

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