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Hobbit
New Member

Do I need to issue a 1099-MISC for a residential property I rent out as an individual landlord (not LLC or Business) if I paid a contractor > $600 for home improvements ?

 
2 Replies
Critter
Level 15

Do I need to issue a 1099-MISC for a residential property I rent out as an individual landlord (not LLC or Business) if I paid a contractor > $600 for home improvements ?

No you do not.

Hal_Al
Level 15

Do I need to issue a 1099-MISC for a residential property I rent out as an individual landlord (not LLC or Business) if I paid a contractor > $600 for home improvements ?

Individual landlords are exempt from the 1099-Misc requirement.
Reference:  <a rel="nofollow" target="_blank" href="http://www.forbes.com/sites/irswatch/2013/03/06/should-landlords-be-filing-1099s-for-service-provide...>
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