Just-Lisa-Now-
Level 15
Level 15

I don't have any property management companies that do it that way.

Id report the actual income and expenses, none of this netting BS.  If they try to get a loan the bank is going to wonder why theyre charging so little in rents, IRS may wonder as well.

As long as your Rents on Sch E line meets or exceeds the 1099, no issues with IRS cross matching the 1099MISC.


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