Host TIN or Owner TIN for 1099k reporting? I am hosting six properties for six different owners. My tax reporting set up is like this: Each property funds into a bank account owned by Owner, And I am an authorized writer or agent on the account. This way the owner receives the 1099K at the end of the year. At the end of each month, I pay housekeeping, expenses, and my fee out of each respective account. This way there is complete transparency for all transactions and no commingling of funds. I use Owner Statements, and remit the amount on the stmt to the Owner. My question is this: if you have a similar situation how do you structure for General operations and tax reporting? Do you have all funds from the platforms go into one account in your name?(As I understand it, the upcoming capability for owner payments requires that all funds are debited from one host bank account, which seems like an accounting nightmare to me. ) Is being the Recipient of the 1099K beneficial or more work given, I would assume, you would
