They sent me a 1099 for reimbursements and I've been trying to reach someone in their accounting dept but no resonse to messages left in their general message box. I would love to know if anyone has another number. Thanks!
You need to be a member of REO Pro Network to add comments!
Replies
you just report the amount on 1099 and then take it off as expense-that makes it a wash- keep your invoices if you get audited, I've been doing it for years
Everyone get s 1099 for reimbursements. I've been getting them for 15 years from 20 different AMC's
Keith Johnsen
Asset Coordinator
Specialized Asset Management LLC
8742 Lucent Blvd
Highlands Ranch, CO 80129-2386
P: 303-895-2795
F: 303-895-2517
keith.johnsen@samreo.net
www.samreo.net
This is not the department you are looking for, but I'm sure you can be directed.
Thanks for your help!
I don't have a number but if the 1099 is wrong and they don't respond, you'll need to report the situation to the IRS. Then ask someone at the the IRS how to handle it on your tax return.
Thanks, good advice. I asked my accountant too, didn't think of him at first but I do have to report it, than can charge it back out as I did pay the ultilities on the property listed through this company.