I'm a real estate broker who also does property management for one of my sales agents. Do I submit two separate 1099s to my agent for sales commission and rent collected?

I am a real estate broker who also does property management for one of my real estate agents. My agent earned commission from selling homes, and received rents that I collected for his property. There was more than $600 dollars in rents collected and more than $600 dollars in commissions earned for the agent in question. Does the agent get two 1099's or one.

667

New Member

Jun 4, 2019 8:14:59 PM

If the agent receiver over $600 in commissions

Returning Member

Jun 4, 2019 8:15:00 PM

If the agent received over $600 dollars in both categories, does the agent receive two separate 1099's or one 1099 for both sales commission and rents collected combined?

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I'm a real estate broker who also does property management for one of my sales agents. Do I submit two separate 1099s to my agent for sales commission and rent collected?