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1099s for non-owner property managers
January 16, 2023
Q. We have four retail locations that we pay monthly rent to. All their W-9s state they are Partnerships. I have always provided them with a 1099.
Now I am being told by an internal staff member that, from their understanding, if they don't actually own the property but only manage it then I don't have to issue a 1099; so I guess, that is is where my confusion rests.
A.
(Answered by IOFM's third-party tax experts)
In the federal tax Regulations which govern 1099-MISC and 1099-NEC reporting, at…
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