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Investors & landlords
I don't get ANY of this because AirBnB or VRBO is ONLY going to send a 1099 to the person or company THEY PAID. They're not going to send a 1099 to anyone they didn't pay....that would be improper and wrong and not necessary.
If AirBnB or VRBO pays the property manager....IN FULL.....and sends a 1099 to the property manager ALL the property manager has to do is deduct the payment to the OWNERS on SCH C. Then the property manager can send a 1099 to the OWNERS for the amounts they were paid. It's not that tough to figure out.
‎November 10, 2021
8:45 PM