Vacation Rental Management and filing taxes, w9s, 1099s, etc.

[Juanita Vainas]

I am beginning to managing vacation rentals . Right now, I am assisting (cohost manager), and the owners are filing the various income /hotel motel taxes, and paying me a percentage to manage the property and guests.  I have claimed the income from the percentage the past couple of years along with my income from self employment as well as long term rental income on my rental property. I am thinking I need to go ahead and learn what all is involved with actually taking on full management and filing taxes each month. Airbnb does not require a w9 form but sends a statement at end of year.  Vrbo is asking for a w9.    If I begin to fully manage vacation rentals, what forms do I fill out and give to owners , what forms do they need from me?   Any insight or advice would be most helpful.  Thank you. 

[Eamonn McElroy]

Generally vacation rental managers need to issue a Form 1099-MISC to property owners for rents collected.

You should also provide owners with a Form W-9 as they may need to issue a 1099-MISC to you for the property management fees depending on how much they paid you during the year and what your tax entity status is.