Greta
Level 9

A property management company who handles several of my clients always sends a 1099-misc report with odd rent reported, like $11,061.78. That's because they report the net amount they sent the landlord. So my Sch E looks weird -- no repairs, small gross, no commission, no insurance. I've spoken with them and they insist that a top NYC CPA assured them that's the correct way. Is it?

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