In this world, nothing is certain but death and taxes. Despite the dread, despite the distaste, everyone has to file their taxes. This year, next year – the year after that, and the one after that.
No one likes tax season. It’s stressful and complicated. Today, Empire wants to make sure none of the stress is coming from us. Here are the answers to three question commonly asked by our owners.
1. When will I receive my 1099?
1099s have been issued, and are available digitally and have been sent through the postal service as well. Owners can access them online using the last four of their SSN or EIN, or they can wait until they receive their form in the mail. Do you have questions regarding the information on your 1099? If we don’t answer it below, give a call or drop a quick email.
2. Why is the Gross Income listed on my 1099?
1099s list all income received for your properties. Maintenance and other expenses can be used as deductions. Which brings us to the next question –
3. Where do I view expenses for my properties?
Your expenses are available in your owner portal. Attached below is a video detailing how to pull your Owner Statement. If you do not login often, your password may need to be reset. As always, we stand ready to assist in any way we can. Give us a call if you have questions or need assistance.
Happy Landlording!