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Business & farm
Enter the income as shown on the form and don't deduct the management fees separately. Management companies usually report gross income from rent on form 1099-MISC. If your company reported your gross minus their fee there, it is uncommon, but it shouldn't be an issue for you. You can still deduct other expenses associated with the rental income.
March 13, 2021
4:30 PM
1,941 Views