Yes, you as property manager must issue Form 1099. You also provide copies of the issued documents to your owners, for their records.
According to the IRS, everyone who is regularly “engaged in the business of leasing or renting real estate for income or profit” must comply with the 1099 requirement. So, this means that property managers should issue 1099s to each independent contractor, vendor, or professional service whom they hired and paid more than $600 within the year.
Responsibilities of Property Management
IRS Guidance for Issuing Form 1099
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