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Investors & landlords
so that implies that I should be issuing a 1099-MISC to the owner for the NET rent (after maintenance, repairs and fees) rather than the Gross rent?
If you are the one that pays all the rental expenses, it's not an implication. It's a fact.
The only expenses I know for a fact the property owner will claim, are mortgage interest, property taxes and property insurance. I doubt that you as a manager of the property you don't own, have to deal with those three expenses anyway.
‎January 14, 2022
7:41 PM