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I am a property manager for a home. I'm paid the rents
I am a property manager for a home. I'm paid the rents directly from a government agency & the tenant. ONLY the portion of the rent that is paid by the government I am sent a 1099 for rents paid by th… read more
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I managed a property through a property management company
I managed a property through a property management company in 2020. The rent payment received was through the management company and I received a 1099-MISC.Am I correct that because I report this 1099… read more
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I own a small property management company and issue 1099's
I own a small property management company and issue 1099's to the owners. Section 8 sent a 1099 to my company with our tax id number. How do I handle this as it isn't income… read more
Lev
Lev
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II rent out a condo and have a management company which
II rent out a condo and have a management company which handles reservations, deposits, and rent collection. I switched management companies. The replaced man. co. sent me a check for the unused rente… read more
Rick
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I have a rental property professionally managed and the 1099
Hello, I have a rental property professionally managed and the 1099 they sent does not match the disbursment total they sent. They are of by 1,725.00 and it's the deposit amount they kept. The total t… read more
Barbara
Barbara
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I'm renting a room in my house to a disabled person. He gets
I'm renting a room in my house to a disabled person. He gets section 8 assistance. I receive 295.00 from the housing authority in my town and he gives me $255.00. I received a 1099 misc. for the month… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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My client leases high end villas. They collect the rent,
My client leases high end villas. They collect the rent, deduct their commission and remit remainder to owner. They send owner 1099 for gross amount. In one case, they paid another leasing agent. Leas… read more
Chad EA, CDFA®, CFP®
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Master's Degree
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Taxpayer has received 1099 MISC from Housing Authority. Box
Taxpayer has received 1099 MISC from Housing Authority. Box 1 - Rent: $1,097 and as an incentive bonus $1,000 that has been applied to Box 7. As far as I know incentive bonus should be in box 3 as Oth… read more
Lev
Lev
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I am a property manager and the Section 8 housing authority
I am a property manager and the Section 8 housing authority sent me a 1099-Misc. How do I add this to my income tax? I am self-employed and manage my mother-in-law's properties. … read more
emc011075
emc011075
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Bachelor's Degree
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Re: Rental income. Property management company received
Re: Rental income. Property management company received a 1099 from the local Housing Authority for the Voucher Program's portion of the rent for one of its voucher program participants. But the payee… read more
Lev
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Team Tax: Please review the information and provide me an
Team Tax: Please review the information and provide me an answer to the questions at the bottom of this page: RENTS PROCEEDS received was $15,844.19 for 2014. Below is the information I received from … read more
Robin D.
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I have rental property in which a management company is handling
I have rental property in which a management company is handling for me out of state. I was told that on the w2, they can sometimes add their commission, (or other fees) and then I subtract that back … read more
taxmanrog
taxmanrog
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Question about 1099 Misc Box 1 (Rent). We area property management
Question about 1099 Misc Box 1 (Rent). We area property management company. I prepared and sent 1099 to all owners for gross rents collected for their respective properties. What do you do with a 1099… read more
Robin D.
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A registered real estate agent in Florida collects rent for
A registered real estate agent in Florida collects rent for me on residential property, deducts a 12% commission, and remits the net amount. Am I required to file a 1099-MISC for the commissions that … read more
Lev
Lev
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Audit went well. we walked away with a payment plan and I walked
Audit went well. we walked away with a payment plan and I walked away with an education. I am a california Real Estate broker who owns the trust accounts for the property management company I run. All… read more
R. Klein, EA
R. Klein, EA
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Master's Degree
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Property Management Company collected the rent on Dec 30 .
Property Management Company collected the rent on Dec 30 . They didn't clear the check until 1/4/ 12 . They didn't send us the rent into our account until it was initiated on 1/9. They send us a 1099 … read more
Lev
Lev
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I have a real estate withholding computation of estimated gain
I have a real estate withholding computation of estimated gain or loss form 593-E California. the house was being rented but tenants had to be evicted. I am in a short sale escrow now. My question is … read more
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Ed Johnson
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Bachelor's Degree
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I am a Leasing Agent that must file a 1099 on the ...
I am a Leasing Agent that must file a 1099 on the income that I pay to my Landlords. I accept the Rent, pay all associated expenses and disburse the balance to the Landlord monthly. When preparing the… read more
Mark D
Mark D
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