Property Management, Tenant Selection, Real Estate News & Tips

Tag: 2011 taxes

2011 Tax Overhaul for Landlords

By on December 28, 2010 in Off Topic with 0 Comments

Earlier this year, a bill named H.R. 5297: Small Business Jobs Act of 2010 amended tax reporting rules for landlords.  Section 2101 establishes that, “a person receiving rental income from real estate shall be considered to be engaged in a trade or business of renting property”.  Previously unincorporated landlords were not considered a “business” and […]

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New 1099 Requirements for Landlords and Property Managers

By on December 11, 2010 in News with 1 Comment

There are numerous changes coming in 2011 and 2012 for property managers and landlords which affect your tax reporting.  It’s important to be prepared with the documentation and records necessary to be able to comply.  Rentec Direct’s property management software will provide tools in 2011 to accommodate these laws if they do not get repealed. […]

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