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Investors & landlords
The 1099 you issue to the owners should have the GROSS income their property had come in then you should also be issuing a year end summary of all the income and expenses paid on their properties which will show a net income on the bottom line. This is the info they need to complete their own Sch E forms on their personal returns. If you don't have a bookkeeping program for property managers that will produce these summaries easily then you need to find one that does or get real good at excel.
‎January 14, 2022
1:44 PM