how does one report the income from a tic property?  do i get a 1099?  what tax form do i report it on? 

You would report your income and expenses on your Schedule E just as you would do on a sole ownership property.

At the end of the year, you would receive your share of income and expenses from the property management company as

well as a  component partdepreciation schedule that you are free to a use.

Lew Savage 

Lew is right on the money. 

The majority of quality TIC Sponsors or Syndicators will provide you with a year-end accounting statement or profit and loss statement of some type.  The data is usually arranged so that you can easily drop the information directly into Schedule E of your 1040 income tax return.  The investment is treated like any other type of rental property that you might acquire as an investment.  The only difference is that you own a fractional interest or a percentage instead of 100%.  You should not be receiving any kind of K-1 or 1099 because a TIC investment interest is a direct interest in real property (you are on recorded title) and is not a partnership or other type of entity.