@ tu-lips wrote: W9 and 1099
If a business receives a two party check, but the second party deposits the check, what is reported on the 1099?
That may take some more explaining for folks to understand. Can you provide a hypothetical example of what occurred? And by 2-party check do you mean a check with 2 names in the "Pay To", and if so, written to "Party A and Party B", or do you mean "Party A or Party B?" It can make a difference on how many signatures are required to deposit the check. Do both parties have a joint account together?
And what type of 1099 are you referring to, and how does it figure into the equation? Reported by whom?
