1099-MISC Forms for Real Estate Agents

1099-MISC Forms for Real Estate Agents-min

Q: I set up agents as employees, but they probably should be sales reps. How do I handle it now that they need 1099-MISC forms? Should I change them to vendors? Will their earnings still show for 1099 forms? Help, please!

A: QuickBooks will print 1099 only for vendors, not for customers.

Check the IRS website for more details. 

Gita Faust

About the Author

Gita Faust has over 30 years of accounting experience in the real estate and property management industry, Gita Faust is more than just a real estate investor; she is also popular for her work as an accountant, consultant, mentor, speaker, QuickBooks Top ProAdvisor, QuickBooks Solution Provider, member of Intuit’s Trainer/Writer Network, and, of course, author. Gita is well-known for her exemplary leadership and advisory skills. In fact, she even helped pioneer the adaptation of QuickBooks to suit the needs of professionals in real estate and property management. To share her knowledge she has written a series of courses titled Simplified Accounting Solution, which provides step-by-step guidance for those working with QuickBooks.

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