We lease a property and run an aerobics dance studio. I'm creating 1099-MISC forms for our independent contractors (instructors) for payments we made TO them for teaching. That part, I understand.
Separately, what does "Rents" mean and who would receive a 1099-MISC from us for "Rents" . It says "rental payments for office space". We rent our studio and pay a monthly rent to our property manager. Does this mean I create a 1099-MISC form to our property manager?
We also rent our studio out to other people and receive income from that. Do I create a 1099-MISC for them?
