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New Member
posted Jun 6, 2019 10:16:28 AM

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

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1 Best answer
Intuit Alumni
Jun 6, 2019 10:16:31 AM

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]

3 Replies
Level 8
Jun 6, 2019 10:16:29 AM
Intuit Alumni
Jun 6, 2019 10:16:31 AM

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]

Intuit Alumni
Jun 6, 2019 10:16:32 AM

I've edited the answer above.