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Do I need to complete 1099-MISC if: 1) I pay a leasing company more that $600/yr for my rental property or 2) I paid more than $600 last Jan for garage door repair?
I employ a leasing company to rent out my property. I pay the leasing company 10% of my monthly rental income ($129.50/month). Also, in January, I had repairs made to the property that totaled $1566 (<$400 for labor and the rest was materials). Do I need to complete 1099-MISC for either one of these companies?
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‎June 3, 2019
10:39 AM