Property Management 1099 for Rent

September 29, 2023

Oftentimes we are asked by property manager clients about issuing 1099s to property owners. You know you have to include rent, but it can be a tricky business if you find yourself wondering about including common area maintenance (CAM) fees or real estate taxes as well. We recently had a client ask just that. Read our response below.

Q: We run a commercial property management company and have to issue 1099s to property owners. Do we include CAM charges or real estate taxes with the rental income?

A: The property manager’s responsibility is to issue a 1099 to the property owner at the end of the year for rent ONLY. Do not include CAM charges or other monies received other than rent. Read more at IRS.gov or ask your accountant, if you still have questions.

Order 1096 forms, 1099 forms, and envelopes NOW and SAVE!

The most popular forms are:

1099-MISC Income Set & Envelope Kit, 4-part
1099-MISC Income Set, 4-part
1099-INT Income Set, 4-part

Checks for your business. Catch Me If You Can-Style Check. Avoid fraud

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.

For Real Estate Investors

For Real Estate Investors

For Property Managers

For Real Estate Investors

For Real Estate Professionals

QuickBooks App

QuickBooks Software

Apps we use