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New Member
posted May 31, 2019 5:40:51 PM

The Question is: Did you make any payments that required you to issue a form 1099?Ist his where I would add the lease on the building of my business that we have paid ?

Is this the location in Turbo Tax where I would place the amount for the rental of the bldg where I have my business?

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New Member
May 31, 2019 5:40:53 PM

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.