You are receiving $100,000 in rent proceeds reported on an IRS form 1099-K. You report that $95,000 of the rent proceeds have been remitted to landlords with whom you work.
Establish a business expense to report the $95,000 expense of rent proceeds being remitted to landlords.
You may be required to report an IRS form 1099-MISC for these payments, reporting rent in box 1 of the IRS form 1099-MISC.
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