What Tax-Related Documents Will Be Provided to Me?

Audience: property owners who want to understand which tax documents MoveZen provides, what information they contain, and how they’re used for tax filing.

MoveZen provides tax-related documents that reflect income and activity processed through the trust account.

Here’s what owners can expect.

FAQs ❓

Will MoveZen file my taxes for me?
No. MoveZen provides documentation, not tax filing services.

Do I receive tax documents every year?
Most owners do, depending on activity and payment thresholds.

Are repair expenses included on tax forms?
Expenses are reflected in your statements, not itemized on 1099s.

Where will I find my tax documents?
They’re typically delivered electronically through your Owner Portal.

The Most Common Tax Documents Provided ✔️

Form 1099-MISC or 1099-NEC

Most owners receive a 1099 that reports:

Gross rental income collected
Funds paid to you during the tax year

This reflects income processed through the trust account — not net profit.

Annual Owner Statements

While not an IRS form, your annual statements provide:

Income totals
Expense breakdowns
Repair and maintenance costs
Management fees

Many owners use these alongside their 1099 for tax prep.

What Is Not Included on a 1099 🚫

A 1099 does not:

Subtract expenses
Reflect depreciation
Show your net profit
Include owner contributions

That’s why statements matter just as much as the 1099 itself.

How Prepaid Rent Affects Tax Reporting 🔍

If a tenant prepays rent:

Funds may appear on your 1099 for the year received
Even if the rent applies to a future rental period

This is a common point of confusion.

When Tax Documents Are Typically Available 🗓️

Tax documents are usually prepared:

After year-end reconciliation
In advance of IRS deadlines
Once all payments are finalized

Exact timing may vary year to year.

How Owners Should Use These Documents 💡

Owners typically:

Provide 1099s to their tax professional
Use statements to deduct expenses
Retain documents for records

MoveZen documents support — but don’t replace — professional tax advice.

A Helpful Owner Perspective 🤔

Instead of asking:

“Why doesn’t my 1099 show my profit?”

Ask:

“How do my statements and 1099 work together?”

That distinction prevents most tax-season confusion.