69729
You'll need to sign in or create an account to connect with an expert.
Assuming this house was is your residence the answer is "No".
If you are "in the business" of building houses for sale then the answer is "Yes" if the contractor/sub contractor is a sole proprietor/independent contractor, (i.e., not a corporation (including a limited liability company (LLC) that is treated as a C or S corporation) and you paid that person more than $600.
If you need to prepare 1099-MISC then you should read the instructions: https://www.irs.gov/pub/irs-pdf/i1099msc.pdf
Tom Young
Assuming this house was is your residence the answer is "No".
If you are "in the business" of building houses for sale then the answer is "Yes" if the contractor/sub contractor is a sole proprietor/independent contractor, (i.e., not a corporation (including a limited liability company (LLC) that is treated as a C or S corporation) and you paid that person more than $600.
If you need to prepare 1099-MISC then you should read the instructions: https://www.irs.gov/pub/irs-pdf/i1099msc.pdf
Tom Young
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.
fjbritt123
New Member
pmcgrath
New Member
BEAGDAWG
New Member
jocelyn-limmer
New Member
alicjaczaja
New Member