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

 
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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.
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