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Deductions & credits
You can deduct the full amount, even if you did not issue a 1099.
Landlords are not require to issue 1099 forms to service providers.
But, a landlord 1099-NEC may be required to qualify for the QBI deduction. Reference: https://www.nolo.com/legal-encyclopedia/do-landlords-need-to-file-form-1099-misc.html Most rental properties do NOT qualify for the QBI deduction.
‎April 17, 2021
11:34 AM