Understanding your tax obligations is crucial, and the 1099 form plays a key role in this process. This form reflects the income you've earned from your rental properties during the year.
What is a 1099 Form?
The 1099 form, specifically the 1099-MISC, is used to report income you've received apart from wages, salaries, and tips. As property managers, we submit this form to the IRS to report the rental distributions we've paid to you.
Receiving Your 1099 Form
By default, we mail the 1099 forms to property owners. If you've chosen electronic delivery, or we have your email address on file, we will send an invitation to access your 1099 form online.
In partnership with TaxBandits.com, we ensure that your tax documents are securely e-filed and accessible to you.
How to Access Your 1099 Form Online
If you need to retrieve your 1099 form electronically but don't have the instructions from our email, visit Tax Forms User Guide
Learn More About the 1099 Form
For more detailed information about the 1099 form and its implications for your tax reporting, please visit the IRS's official page on the topic: About Form 1099-MISC, Miscellaneous Income.
Additional Assistance
If you encounter any issues or have further questions, our accounting team is ready to assist you. Please reach out to us at [email protected] for any help you may need.
Frequently Asked Questions
- I am not receiving the one time passcode
Email will be sent from [email protected] and is possible that is on your junk/spam folder. - I Have Not Received My Mailed Copy
Delivery times can vary and are beyond our control. If you require an additional or electronic copy of your 1099 form, please get in touch with our accounting team, and we will be happy to assist you. - The Amounts Don't Match the Deposits I Received
The figures on the 1099 form represent the total income received for your property, which may not match the net deposits you've received. This is because the deposits are net of any expenses paid out from your account. For accurate tax reporting, you should provide both the 1099 form and a list of the expenses incurred, which you can find in your owner portal, to your tax advisor.
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