Investors & landlords


@THNSF2351 wrote:

I rent a room in my house. I remodeled my kitchen. My CPA told me that I should have sent the contractor a 1099 in January. According to your response in 2019 to a different user, that requirement changed. Is that still the case? In all states?

Thank you


 

Sending a 1099-MISC is not required in your situation.

 

A 1099-MISC is required when your "trade or business" pays for services over $600 to a non-incorporated business.   In some cases a rental can rise to the level of a "trade or business", but merely renting a room in your personal house would not rise to that level.  So a 1099-MISC would not be required.