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Get your taxes done using TurboTax
@kshort1990 wrote:
Does the LLC need to file a 1099 for the HOA fees paid, water (paid to the town), or property taxes?
No. Even if this were considered "trade or business reporting" that would require a 1099-MISC be issued, HOAs are considered corporations for federal tax purposes and, as such, a 1099 would not be required.
‎January 3, 2022
12:13 PM