Level 1

How to create 1099 for Property management company to report total rent received not the amount paid to the property owner?

 
Community Champion

Account management

You don't. 1099 is issued by the payor not the payee. If someone is paying YOU business rent then THEY create a 1099 for rent. THEY will have to do so by accessing a source outside of QB as QB ONLY does 1099 Misc (box 7 and THEY need box 1) Free forms at irs.gov but the 1096 from irs.gov if printed even in red and submitted can result in a penalty

Level 1

Account management

Wrong answer.  Property managers collect rent from tenants, and then forward that rent to a landlord, less any expenses.  1099's have to report the gross amount of rent received from the tenant, not the net amount paid to the landlord.