Assuming you are leasing a commercial space, yes, you will need to issue a 1099-Misc to your landlord that reflects all payments made to the landlord. However if your landlord is taxed as a corporation, then you do not need to issue a 1099-Misc.
You will probably also need to obtain a completed W-9 from your landlord. Regarding W-9s, the IRS has stated the following:
Use Form W-9 to provide your correct Taxpayer Identification Number (TIN) to the person who is required to file an information return with the IRS to report, for example:
- Income paid to you.
- Real estate transactions.
- Mortgage interest you paid.
- Acquisition or abandonment of secured property.
- Cancellation of debt.
- Contributions you made to an IRA.
@GCKirt
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