I collect rent on behalf of a client, deduct a management fee, then send the remaining rent to the client.
One client's residential property is leased by a company who is a "master tenant." This company holds a master lease with my client and sub-leases the residential property to sub-tenants.
The master tenant is asking for my company's form W-9. The money this company sends me is not my income - only a portion of it is. Furthermore, I provide a 1099-MISC to my client for rent disbursed to them, so it wouldn't make sense for my client to provide their W-9 to the "master tenant."
When the "master tenant" company asks for my company's form W-9, should I provide it, or is their some other form I should provide?
- My company is registered as a C Corporation.
- Here is the flow of funds: Sub-lessee > Lessee > My Company > Property Owner