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  • 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.

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