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Updated about 5 years ago on . Most recent reply

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10
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1
Votes
James H.
1
Votes |
10
Posts

No 1099 from property manager ?

James H.
Posted

I Have a few different properties and different property managers. In the same area. I did not receive a 1099. From one of the property managenent companies and assumed it was lost in the mail. Until a couple of days ago, so I reached out to them in an e-mail and asked for them to email me a copy and where had they mailed the original to? The reply I got was they don't Supply 1099 to their owners and never have. I find this odd. . Is this standard practice? ? Is the IRS going to take my word for the amount of rent collected on this property, because there are plenty of expenses that I plan to write off and of course depreciation. This is the first year with this management company.

Most Popular Reply

User Stats

341
Posts
177
Votes
Charley C.
  • North of Houston
177
Votes |
341
Posts
Charley C.
  • North of Houston
Replied

@James H. if you are incorporated or under $600, then its not required to send you a 1099

if you are not the above, then you manager is an amateur and you can expect drama

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