Announcement
Collapse
No announcement yet.
Search Result
Collapse
1 result in 0.0015 seconds.
Keywords
Members
Tags
-
Son as rental manager
A client pays her adult son 1K/month to manage a rental property. (It is partly a training exercise for when she is no longer around.) She will claim it as a management expense and asks whether she should issue him a 1099. My feeling is that while technically she doesn't need to, it might be a wise thing for her to do. Any comments?
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.