Solved: Rental prop schedule asks if I issued a 1099-misc for amount paid over $600 - prop mgmt co issued 1099-misc to me showing breakdown of income/expenses
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rabbit63
New Member

Rental prop schedule asks if I issued a 1099-misc for amount paid over $600 - prop mgmt co issued 1099-misc to me showing breakdown of income/expenses

Do I answer Yes or No to question - did I issue a 1099-misc? I have a 1099-misc from prop mgmt company I paid
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AnnetteB
Intuit Alumni

Rental prop schedule asks if I issued a 1099-misc for amount paid over $600 - prop mgmt co issued 1099-misc to me showing breakdown of income/expenses

You would answer No to the question about whether you issued a Form 1099-MISC. 

Even though you “paid” the management company a fee for their services, you are not required to issue a Form 1099-MISC to them.  The requirement for issuing a 1099 only applies to individual sole-proprietors that you may have paid for services. 


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1 Reply
AnnetteB
Intuit Alumni

Rental prop schedule asks if I issued a 1099-misc for amount paid over $600 - prop mgmt co issued 1099-misc to me showing breakdown of income/expenses

You would answer No to the question about whether you issued a Form 1099-MISC. 

Even though you “paid” the management company a fee for their services, you are not required to issue a Form 1099-MISC to them.  The requirement for issuing a 1099 only applies to individual sole-proprietors that you may have paid for services. 


View solution in original post

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