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June 3, 2019
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I own a property (rental property)my mother manages and collects all the rent and she keep it.Who is in charge of reporting that as earned income?

  • June 3, 2019
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Best answer by MichaelL1

If you own the property then it is your income, you would report it.

If you let her keep it, then you are gifting it to her or paying her for the work she does.

You need to issue her a 1099 for the income she gets if it for managing the property and she would pay taxes on it.

You would then deduct what you pay her on the Rental schedule on your return.

1 reply

MichaelL1
MichaelL1Answer
Employee
June 3, 2019

If you own the property then it is your income, you would report it.

If you let her keep it, then you are gifting it to her or paying her for the work she does.

You need to issue her a 1099 for the income she gets if it for managing the property and she would pay taxes on it.

You would then deduct what you pay her on the Rental schedule on your return.