1099? Self-rental

Hi, I have an LLC which holds a commercial property. The property is leased to my husband, who is a sole proprietor, for his retail store. I have been having him 1099 my LLC for the rents paid. Is that correct?

posted

Yes. If your husbands business is rental a retail store from you LLC then yes, he would issue you a 1099-MISC to report the rental income he paid to you.

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