BulldogTom Posted January 21, 2008 Report Posted January 21, 2008 This seems so basic, and I am clueless. If you have a rental agreement with a company that is a corporation, but you pay the Management Company, LLC the monthly lease payments, do you have to issue the 1099 to the management co? Any help appreciated. Tom Lodi, CA Quote
RoyDaleOne Posted January 21, 2008 Report Posted January 21, 2008 (d) Payments of rent made to rental agents (but the agent is required to report payments of rent to the landlord in accordance with Sec. 1.6041- 1(a)(1)(i)(B ) and (2)). Quote
kcjenkins Posted January 22, 2008 Report Posted January 22, 2008 If the rent is paid to a Corporation, and that is how the check is made out, then no, you don't have to do a 1099. If the check is made out to an LLC, then I would. Quote
RoyDaleOne Posted January 22, 2008 Report Posted January 22, 2008 As pointed out above rental payments made to an agent of the landlord are not required to be reported on the 1099. It does not matter what type of entity the agent is. The agent is subject to the reporting requirements as noted by kcjenkins. Quote
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