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In 2016 I setup a llc for my rental property. I had work done by a contractor for more than $600 do I need to send them a 1099?

 
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DS30
New Member

In 2016 I setup a llc for my rental property. I had work done by a contractor for more than $600 do I need to send them a 1099?

Yes, you will need to file a 1099-MISC for any work by an independent contractor that is over >$600 that is related to a business or rental property expense (or rental property improvement). This applies even if your LLC is a single member LLC and thus a disregarded entity for income tax purposes.

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DS30
New Member

In 2016 I setup a llc for my rental property. I had work done by a contractor for more than $600 do I need to send them a 1099?

Yes, you will need to file a 1099-MISC for any work by an independent contractor that is over >$600 that is related to a business or rental property expense (or rental property improvement). This applies even if your LLC is a single member LLC and thus a disregarded entity for income tax purposes.

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