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Investors & landlords
In it's simplest form, you are not required to issue a 1099 to a *CORPORATION* regardless of the amount. However, you are required to issue a 1099 to an *INDIVIDUAL* you paid more than $600 to during the tax year.
In most cases, an individual includes an LLC since an LLC is considered a disregarded entity for tax purposes.
‎December 16, 2021
10:18 AM
55,792 Views