I have a property that is rented out for me by a management company. They get 10% of the rent. Do I need to file a w2 or 1099 for them?

[MaryK4]

No, Payments of rent to real estate agents or property managers are one of the exceptions for the 1099-MISC.  See Instructions for Forms 1099-MISC and 1099-NEC (2020).

[Critter-3]

In fact since they are your receiving agent THEY should issue YOU a 1099-misc for the rent.  

[aquaneer]

Hi, I have similar question. My property manager issued me 1099-NEC for the rent they had collected and a separate 1099-NEC for security deposit. I entered those forms in the Income section '1099-MISC and other common income'. The security deposit is refundable and not actually an income for us. How can I deduct that security deposit in the Deduction section or should I just not enter the 1099-NEC for security deposit in the Income section?

Also the 1099-NEC that I had entered for rental income is moved to Business items where its requiring me to enter business name and other information. Is my rental home considered as a business? Do I need to enter all information for that business?

[Critter-3]

The 1099-NEC is the incorrect form ... it should have been a 1099-MISC for the rent collected ... have them correct this issue.  And the security deposit is not included into rent received until it is forfeited... until then is needs to be in a separate account and left untouched  ... get that corrected as well.  

[aquaneer]

Thank you @Critter-3 for clarifying about the forms. I have been trying to request my property manager to give me correct form but they are not responding. If they decide to not send the correct 1099-MISC form, is there any other way to include the rental income in the correct section?