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Updated almost 7 years ago,

User Stats

88
Posts
41
Votes
Aaron Van Curen
  • Real Estate Broker
  • Fort Wayne, IN
41
Votes |
88
Posts

Should I 1099 myself if I am my own property manager?

Aaron Van Curen
  • Real Estate Broker
  • Fort Wayne, IN
Posted

If I own a property under a LLC and pay myself 10% of the monthly rent, which would add up to more than $600 per year, do I have to send myself a 1099 for being the property manager even though I am the sole owner of the property? I run the property managment as a DBA, Lovely Living Property Management, so that I can hide my identity but it's not incorporated at all. Thanks for the replies!

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