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Updated almost 2 years ago on . Most recent reply

User Stats

27
Posts
2
Votes
Chris Sweeney
  • Investor
  • Ambler, PA
2
Votes |
27
Posts

Apartments.com 1099-K Requirement Question

Chris Sweeney
  • Investor
  • Ambler, PA
Posted

I've been using Apartments.com (formerly Cozy.co) for rent collection for several years. I'm happy to provide them with my SSN for tax purposes to comply with the new IRS rules, but there seems to be a problem with Apartments.com's system. Each of the bank accounts that I have in my Apartments.com account have multiple tax entities (multiple owners). I do not own any of those bank accounts alone. I should be able to specify multiple Social Security Numbers for each bank account. If I'm only able to input one SSN (my own), then the 1099-K form is basically telling the IRS that all of that income is mine (which it isn't; it's split among the owners of that specific bank account). However, there is no way to specify multiple owners for a single bank account. I just emailed Apartments.com, but wanted to see if anyone else has any thoughts on this.

Thanks!

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