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Investors & landlords
There is confusion as all income is reportable on your tax return. The error is that a 1099 is not necesarilly required to be prepared. Regardless of not receiving a 1099, you are still required to report the earnings and pay your fair share of taxes.
I hope this was helpful.
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
‎June 6, 2019
4:27 AM