fernjunk
New Member

Investors & landlords

I've looked into this in depth and believe you do not need to send your property manager a 1099.

Note the 1099 your property manager sent you should have shown $10k in rental income (total collected not the amount disbursed).

Your Schedule E should account for the $1k in management fees.

See [external link removed] for an indepth post with references to the appicable IRS code.