Airbnb allows listing a property as the 'property manager' - so it's not really listed "in the property manager's name", but rather FOR the owner. I asked this same question on Quora and received a response that makes more sense (link below), however, it doesn't solve the problem of actually receiving a 1099 and how to properly handle it. Recording the income does not appear to be correct and would show a business with significantly more income than it really has, which I am not sure is even legal and is likely to result in additional liability incl. much larger cost for insurance. Recording 10x the gross income one really has just doesn't seem right on any level. It's also going to look weird to the IRS to have such high revenues with proportionally extremely low net income.
https://www.quora.com/How-do-I-file-taxes-as-a-Airbnb-property-manager/answer/Mike-Emeigh?comment_id...
