MarilynG1
Expert Alumni

Investors & landlords

Unless your Rental Activity is reported as a 'Business' on Schedule C (rather than an 'Investment' on Schedule E, you don't need to issue a 1099-Misc to your property manager.

 

Enter the 1099-Misc exactly as received.

 

If the property manager included it on a 2020 1099-Misc, the income reported is considered 'constructively received' in 2020.

 

Report the property management fees, and any other expenses the property managers deducted from the Gross Rents reported on the 1099-Misc as 'Rental Expenses'.

 

Click this link for info on How to Enter Rental Property Income and Expenses

 

 

 

 

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