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Updated about 8 years ago,

User Stats

154
Posts
54
Votes
Toben B.
  • Investor
  • Tulsa, OK
54
Votes |
154
Posts

How to handle IRS tax filings with a Property Manager

Toben B.
  • Investor
  • Tulsa, OK
Posted

Hello,

I gave 10 rentals to a property manager last year and now I am struggling to do taxes. 

As the property manager handled all the contractors s I can't issue 1099's to them.

Should I just record the net income received from the property manager or do I need to include all the income and all the expenses as defined by property manager?

Will the IRS expect me to do 1099 forms for contractors when I did not pay them direct? 

Do I issue a 1099 to my property manager for all expenses they paid?

Thank you!

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