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Investors & landlords
Thanks for your response.
I assume you mean 1099-NEC, not 1095.
It's really difficult to find a clear answer if a 1099-NEC needs to be filed for property management fees paid to a property manager. On his W-9 the manager selected tax classification "Individual/sole proprietor or single-member LLC".
Is that sufficient to conclude that I don't need to file a 1099-NEC?
The handling of rental income and expenses in TurboTax is clear to me, I have done that in the past.
Thanks.
‎January 14, 2024
10:03 AM