Received rent on my SSN, need to transfer to EIN

s d l — Mon, 03 Nov 2025 01:29:33 GMT

I manage the rental property for my mother in law's estate. I receive rent via zelle, but the account is under my social security number. I am sure I will get a 1099 for the 2025 rent received.

1. Can I just issue a 1099 to my mother in law's estate EIN ?

2. If I am going to charge a management fee, my mother in law's estate will need to give me a 1099 also?

3. With these 1099, do I need to use home and business version (I don't have a business)?

Re: Received rent on my SSN, need to transfer to EIN

NCperson — Tue, 04 Nov 2025 03:03:12 GMT

By law, Zelle is not required to send out 1099s.

from the Zelle website:

"Does Zelle® report how much money I receive to the IRS?

Zelle® does not report transactions made on the Zelle® network to the IRS. The law requiring certain payment networks to provide forms 1099K for information reporting does not apply to the Zelle® network."

The law requires 3rd party payment providers to send out 1099s under certain circumstances.

Zelle is NOT a 3rd party payment provider! That is the twist.

The Federal Reserve is the First Party Payment provider. Banks are the 2nd party payment providers. Paypal, etc are third party payment providers. Zelle payments are issued by Banks, so it is a product of 2nd party payment providers and therefore is not required to send out 1099s since the law only requires 3rd party payment providers.

You will not receive a 1099 from Zelle (or the bank that send out the Zelle payment to you)

topic Received rent on my SSN, need to transfer to EIN in Investors & landlords

Received rent on my SSN, need to transfer to EIN

Re: Received rent on my SSN, need to transfer to EIN