How to adjust 1099 MISC income on vacation rental

[bptsj]

Hi - I have income from a vacation rental reported to me on a 1099-Misc from the management company. The 1099 reports the gross income of $48k but this includes income I don't receive. The clients pay a GE tax, a TE tax and cleaning fee's totaling $10k. This $10k is collected by the management company from the client and paid out to the local taxing agencies and the cleaning service. In the income section I'm reporting the $48k so it matches the form on file. In the rental income section how do I adjust for this so I don't pay taxes on $10k that I don't receive? The program asks if I have additional income other than the 1099 Misc, but doesn't ask if any of that amount should be ignored as income. -- Thanks

[AmeliesUncle]

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@bptsj wrote:

his $10k is collected by the management company from the client and paid out to the local taxing agencies and the cleaning service.

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The management company should give you an itemized list of those expenses.  Then just enter those various expenses a rental expenses.

[Carl]

Enter/Report the 1099-MISC exactly as printed. Then you can claim all the expenses the company paid "on your behalf" as if you paid them yourself. That's because "you" did pay them from the income reported to you on the 1099-MISC. The management company just took care of it for you by paying it "on your behalf".