Updated about 3 years ago on . Most recent reply
Are 1099s required for property managers or landlords?
Help! I'm in WA state and have invested in residential real estate for several years - all management is done via a 3rd party. I just caught wind of some changes to the tax code that might make issuing a 1099 required (from the landlord, me, to the property manager).
This seems off to me though, because management fees are already reported by the PM on their own tax records...sources online seem to vary by state / not refer back to the actual tax code. I would be so appreciative of any guidance or thoughts! Thanks in advance!