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Investors & landlords
@FlyFisher99 wrote:
Does every landlord generate this 1099 for every person they pay over $600/yr?
Only if your rental real estate activity rises to the level of a trade or business (which is not typically the case) or if you are interested in getting the QBI deduction.
Other than the foregoing, 1099 reporting is not required.
February 15, 2022
5:56 PM
374 Views