Thank you for the quick response!
@Critter-3 wrote:
If so, how can I deduct the expenses paid for repairs and maintenance on my property if they used their tax id number? Talk to your management company ... they are doing these things on your behalf so along with the 1099 for all of the rent collected they should also give you a listing of all the expenses incurred on your behalf ... makes filling in the Sch E simple.
They sent me an itemized list of all the expenses. You are right, it does make Sch E simple. But since they sent out the 1099's using their tax-id, is it okay that I deduct those expenses?
Also, do I need to send the management company a 1099-NEC in the amount of their management fee? Also NO.
Even if they are not a corporation, but rather a multi-member LLC, I still don't need to send them a 1099-NEC for their management fees?
