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stkhandle
New Member

I paid several different contractors for work done on rental and each job was well below 600 dollars but total of all exceeds limit do i need a 1099 for each one

 
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1 Best answer

Accepted Solutions
maglib
Level 10

I paid several different contractors for work done on rental and each job was well below 600 dollars but total of all exceeds limit do i need a 1099 for each one

No,  The 1099 is $600 per contractor who did work.  You still need to keep receipts though.

**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
maglib
Level 10

I paid several different contractors for work done on rental and each job was well below 600 dollars but total of all exceeds limit do i need a 1099 for each one

No,  The 1099 is $600 per contractor who did work.  You still need to keep receipts though.

**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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