Vacation Rental + 1099-Misc
Need some information from Tax Experts, and those that also own a vacation home, they rent out when not used. TT continues to ask us if we need to issue a 1099-Misc for work done on the home/property. In researching this ongoing and seemingly unresolved issue, I have been told that the requirement was rescinded shortly after being instituted. I have also been told that it does not apply to those of us that simply have one vacation home, that they rent out short term when they are not using it. I have also been told that as long as the people doing the work are not "employees", no 1099-Misc is required. But I have also been told we need to issue 1099's for any work over $600. No one seems to have an answer with documentation to support. And for some reason TT continues to ask the question, forcing an answer from us. Does anyone have solid valid supported information and or documentation on this? We are just a retired couple with one vacation home that is rented out short term when we are not using it. Do I issue 1099-Misc to Duke energy, Frontier Communications, Amerigas, Walmart, and others who do maintenance and repairs, just because we have bills that exceed $600?
