1099-MISC
We are not tax professionals and cannot answer tax specific questions. For advanced tax-related questions, we recommend consulting your CPA or accountant.
Kiley Management is here to ensure you have the information you need for filing your taxes. We provide both a digital copy and a hard copy of your 1099-MISC form for the latest tax year. (note: international clients will not receive a hard copy unless they have a domestic mailing address).
Retrieving Your Digital Copy
You will receive an email from mail@onlineformretrieval.com with a link to access your digital 1099-MISC form. The link will prompt you to enter your Tax ID. This could be your SSN or EIN, depending on what you provided on your W-9. Below is an example of the email you will receive:
Year-to-Date Statements
To facilitate your tax preparation, it may be helpful to provide your tax preparer with a year end statement from Kiley Management. To obtain a year end statement, please visit: View and Download Owner Statement
FAQs
Q: What if my Year-to-Date Statement and 1099-MISC do not match?
A: This discrepancy is uncommon but can happen. One frequent cause is if your resident paid rent early. Here’s why:
- Our system logs rent payments on the date they are initiated. However, income is only reported once funds are deposited into the client trust account.
- For example, if your resident paid rent on December 30, but the funds were deposited on January 2, the income will be adjusted and reported for the following tax year.
This ensures accurate reporting based on when funds are actually available. Similarly, income reported at the start of the year may include payments initiated in the prior year but funded in the current year.
Q: What if my rental property receives third-party income (e.g., Section 8 or other housing assistance)?
A: The 1099-MISC from Kiley Management includes income from both the tenant and any third-party payers.