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  • Re: I own rental property and receive passive income. I paid over $600 to a contractor. I read that I don't need to send a 1099-Misc , but Turbotax asks? I'm a bit confused.
Hal_Al
Level 15 Hal_Al
Level 15
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Investors & landlords

It became a little fuzzy under the new 2018 tax law.

Landlords are not require to issue 1099-Misc to service providers.

Reference:

 http://www.forbes.com/sites/irswatch/2013/03/06/should-landlords-be-filing-1099s-for-service-provide...

 

But, a landlord 1099-misc may be required to qualify for QBI deduction. Reference: https://www.nolo.com/legal-encyclopedia/do-landlords-need-to-file-form-1099-misc.html

‎January 18, 2020 3:47 PM
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