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Investors & landlords
@Glen9 wrote:
I have another question regarding the same property. In 2019 I entered into a contractual agreement with a contractor to do exterior repairs and paint the building. (single-family dwelling) I paid a $2,500 deposit. However, this was late in the year and the weather did not permit the work to start. He did not give me a 1099-misc.
Where do I deduct these expenses?
Enter the amount paid as a Repair expense on the 2019 Schedule E.
Also, the contractor does not give you a Form 1099-MISC, you would give the contractor the form for payment of the work performed on the rental property. However, if you are only a landlord and not in the business of renting properties you are not required to provide a Form 1099-MISC to any independent contractor for services rendered on the property.