If i wired $16,000 to a fellow artist for their half of the check that was written to me for a painting we did together and I have the artist EIN, what do i do now?
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If i wired $16,000 to a fellow artist for their half of the check that was written to me for a painting we did together and I have the artist EIN, what do i do now?
If i wired $16,000 to a fellow artist for their half of the check that was written to me for a painting we did together and I have the artist EIN, what do i do now?
You need to generate a 1099MISC to the other person. Since you are in the self-employment version you have access to the Quick Employer Forms web application and can create the 1099 there.
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