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1099 from Management. Box 1: gross rent or net rent?
Hi all. I received my first 1099-INT from a new PM. It has only one box filled in - box 1 - with a sum equal to gross rent received by them from tenants. Should it include net rent which takes into account losses due to PM fees, Property review fees, Leasing fees, application fees, etc?
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Nope, no fees just rent, you were supposed to keep track of the rest of that on your own.