as a property manager, how to report 1099-misc to landlords as my income/expense?

Forum|Forum|1 year ago
April 14, 2025
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As a property manager, where should I enter all the 1099-MISC forms I issued to the landlords in TurboTax (Business and Home version)? Do I need to report them at all, or should I include them as part of my income or expenses? Also, where do I report all the expenses I paid on behalf of the property owners for work done on their properties?

TurboTax Business Windows

DianeW777

It depends. If there is an income document for yourself that includes the payments you made to the landlords, then you would enter the money you paid them as an expense of your property management company. If you report only the income you received as property management then there is nothing to report for the landlord portion of the payments.

If the expenses you paid on behalf of your landlords is included in the income for your property management fees then you would deduct the expenses you paid for the property owners. If you report only the income you received for your property management there is nothing to report for the landlord expenses.

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