You'll need to sign in or create an account to connect with an expert.
No, probably not. This is a question about whether you need to issue Form 1099-MISC forms for payments your business made. If a business makes payments for services (not merchandise) to a non-incorporated entity for $600 or more in a year, the business needs to file a Form 1099-MISC to report these payments to the payees and the IRS.
You would report your building lease expense as an expense in your business. The building lease payment would not be 1099-reportable because it most likely would be made to an incorporated entity.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
alec-ditonto
New Member
alec-ditonto
New Member
atn888
Level 2
Ian B
New Member
SBD5
New Member