I own a condo that is rented out and managed by a Property Management company. They collect the rent payments from the tenant, deduct a percentage for their management fee, and forward the remaining amount to me via direct deposit each month. At year's end they send me a 1099-MISC form that shows the total/gross amount of rent collected.
My question is this: Am I required to issue a 1099-NEC form to the management company at the end of the year to document the management fees that they are deducting from the collected rent? And, if so, how or where do I enter the 1099-NEC info into TurboTax?
Am I required to issue a 1099-NEC form to the management company at the end of the year
No. In fact, it's exactly the opposite. The management company is required to issue "you" a 1099-MISC (not 1099-NEC) to report the income they paid to you. All income they pay to you should be reported in box 1 of that 1099-MISC too.