Updated over 8 years ago on . Most recent reply
How to handle IRS tax filings with a Property Manager
Hello,
I gave 10 rentals to a property manager last year and now I am struggling to do taxes.
As the property manager handled all the contractors s I can't issue 1099's to them.
Should I just record the net income received from the property manager or do I need to include all the income and all the expenses as defined by property manager?
Will the IRS expect me to do 1099 forms for contractors when I did not pay them direct?
Do I issue a 1099 to my property manager for all expenses they paid?
Thank you!