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.

 

See https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-get-the-qbi-deduction-on-rental-...

 

Other than the foregoing, 1099 reporting is not required.