1099s for Gross Rent

Jonathan_LLA 2013-02-01 11:01:34 UTC #1

This discussion was created from comments split from another topic.

spiko 2013-01-30 17:33:39 UTC #2

I'm stumped (or stoopid)...

I need to print 1099s for GROSS rent, but the mapping only posts NET! What type of entry is correct with tenant rent so that it map properly to the 1099 box 1?????

Jonathan_LLA 2013-02-01 11:04:04 UTC #3

Hi Spiko, great question. Your people you manage property for are vendors. (If not you can switch a customer to a vendor).

How many owners / units are you working with?

You need to use several items to create the invoice. And, do you have two separate company files? One from your company's perspective, and the other from your landlords' perspective?

spiko 2013-09-08 15:08:24 UTC #4

Jonathan,
Property management fees are paid to my real estate company operating account (already have a QB company account running) from the rental property company. I manage for 5-7 separate owners and can't figure out how to show gross rents in a 1099...it only shows "net" to the owners.