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Level 1
December 20, 2023
Question

I used a realtor to find a new tenant for my rental. He retained a service fee from first month‘s rent so I don‘t have an invoice. Do I report his commission on his 1099?

  • December 20, 2023
  • 1 reply
  • 10 views
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1 reply

Critter-3
Level 15
December 20, 2023

First you should have gotten some kind of receipt from him, they may send you something in January.  However as a landlord, reporting the rental on a Sch E, you are NOT required to issue them a 1099.  You can either enter the total gross rent less a deduction/expense for his fee  OR   the net rent received.