@Michalanne wrote:
I am a property manager but I do allow all of the payments from Airbnb to go directly to the owners. I then bill them accordingly each month for the percentage agreed upon as well as all of the cleaning fees. From my limited understanding, Airbnb should then be the one issuing the 1099 to the property owners. They would then deduct my charges as an expense. I would then record only the income that I received. I would then not need to issue them a separate 1099. Does this sound correct?
Yes, but you will want to make sure that Airbnb is actually issuing the 1099 to the owner and not to you. And there could be a need for the owner to send you a 1099 to report amounts the owner paid you, particularly if the amounts are above $600 for the year. Just FYI.
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