1891770
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How to report payments for property management and repairs

I purchased my first rental property in August 2020. There were tenants that had existing leases.  I have a property management company which collects the rent and arranges repairs for which I reimburse him. He sent me a 1099-MISC for the rent they collected minus their commission.  I am assuming I need to file a 1099-NEC for their commission. Since he arranged and paid for the repairs, should I include the amounts I reimbursed him on the 1099-NEC as well?  Thanks.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
ColeenD3
Expert Alumni

How to report payments for property management and repairs

No, you do not need to send him a 1099-NEC. His sending you the 1099-Misc is correct. You do not send him any forms for the reimbursement. It is not income to him.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question