When Airbnb issues a 1099 to property managers, how does the Airbnb Property Manager record the money collected for their customer, the Property Owner? It's NOT income for the property manager. It's just a bunch of deposits. The property manager shouldn't receive the 1099. How does the property manager fix that on their tax return? Not showing the money is cause for an audit by the IRS, showing it is totally incorrect and cause for increased liability, implying a business with ridiculously more income than it really has.
