Following up with some additional info that may be pertinent:
I read on an IRS webpage (https://www.irs.gov/businesses/small-businesses-self-employed/am-i-required-to-file-a-form-1099-or-o...:(
Not Required to File Information Returns
You are not required to file information return(s) if any of the following situations apply:
You are not engaged in a trade or business....
So, since we do not own the property as a business, and we have elsewhere on our taxes stated that we are not managing the property as a trade or business, then it would seem that we do not have to send a 1099 out.
Can anyone check my logic here?
