Reporting tax payments and insurance paid with rent
February 10, 2021
Q. If we paid a landlord $1,000 for rent, $100 to reimburse a tax payment and $100 for insurance, what should I enter on their 1099, assuming they qualify to receive a 1099?
(Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.)
Expenses of the landlord that are paid with the rent are reportable to the landlord as rent. Since the…
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