I am a property manager, and I have received conflicting answers to whether or not I have to report rental receipts to my clients on a 1099. So, here is my question: Does a property management company have to report to the IRS the rental payments it remits to its clients? (C.A.N., Fairfax, Va.)
First, here’s why you could be getting conflicting and wrong answers. In 2010, lawmakers expanded 1099 reporting requirements on rental activities, but then ... Log in to view full article.