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Updated almost 10 years ago on . Most recent reply

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Angelo Garcia
  • Los Angeles, CA
0
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3
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cash rent

Angelo Garcia
  • Los Angeles, CA
Posted

I pay my manager cash from the cash rent I receive but at the end of the year I give him a 1099. Is there any problem ?  Two tenants don't  want to pay by check but cash

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Rob Beland
  • Investor
  • Leominster, MA
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Rob Beland
  • Investor
  • Leominster, MA
Replied

You can pay him in half dollars if you want as long as you issue the 1099. The method of payment isn't important, the reporting is. Also be sure you report the cash you receive as income on your taxes. 

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