turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I replaced a roof on my Rental property. Do I need to send 1099 form to my roofing contractor?

 
This feature is pending. Thanks for your patience.
Didn't get the answer you wanted? Talk to a live expert to get the help you need.
1 Best answer

Accepted Solutions
KatrinaB
Intuit Alumni

I replaced a roof on my Rental property. Do I need to send 1099 form to my roofing contractor?

Generally, when payments are made in the course of a trade or business and the amount paid was over $600, then a Form 1099-Misc. should be issued. However, rental real estate activities are considered passive activities so the filing requirements are not the same. In 2012 the law was changed and under the new law, you are not required to issue  Form 1099-Misc. Please view this link for more information.

 

 

[Edited 02.19.2018 I 1:55 PM]

View solution in original post

3 Replies

I replaced a roof on my Rental property. Do I need to send 1099 form to my roofing contractor?

KatrinaB
Intuit Alumni

I replaced a roof on my Rental property. Do I need to send 1099 form to my roofing contractor?

Generally, when payments are made in the course of a trade or business and the amount paid was over $600, then a Form 1099-Misc. should be issued. However, rental real estate activities are considered passive activities so the filing requirements are not the same. In 2012 the law was changed and under the new law, you are not required to issue  Form 1099-Misc. Please view this link for more information.

 

 

[Edited 02.19.2018 I 1:55 PM]

KatrinaB
Intuit Alumni

I replaced a roof on my Rental property. Do I need to send 1099 form to my roofing contractor?

I've edited the answer above.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v