- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
My wife and I are both licensed realtors. I am her assistant. Do I need a separate 1099 when she pays me for services?
I have not received a 1099 from our broker, only my wife. She pays me to do open houses, internet searches via MLS. I also show houses to clients. My wife does all of the contracts. I am licensed and incur a lot of expenses
Topics:
1 Best answer
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
My wife and I are both licensed realtors. I am her assistant. Do I need a separate 1099 when she pays me for services?
Yes, she has her own Schedule C business and if she pays you, she would need to issue you a 1099-Misc if the amount was over $600. You would enter your own income and expenses on a separate Schedule C.
1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
My wife and I are both licensed realtors. I am her assistant. Do I need a separate 1099 when she pays me for services?
Yes, she has her own Schedule C business and if she pays you, she would need to issue you a 1099-Misc if the amount was over $600. You would enter your own income and expenses on a separate Schedule C.
Still have questions?
Make a post
Or browse the Forums