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Updated almost 6 years ago, 03/03/2019

User Stats

41
Posts
7
Votes
Vishal P.
  • Naperville, IL
7
Votes |
41
Posts

1099 v Payroll? Self Managing Properties

Vishal P.
  • Naperville, IL
Posted

I own various rental properties under a LLC partnership and I self manage those units, what is the best method of writing myself a check every month for property management? Do I issue a 1099 to myself or am I forced to do a payroll to myself since I'm one of the owners? The monthly property management should be considered an expense and not a distribution even though one of the owners is managing it.

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