Bonny
Junior Associate
Joined: Nov 17, 2013 10:54:37 GMT -5
Posts: 7,463 
Location: No Place Like Home!
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Post by Bonny on Mar 26, 2016 10:54:54 GMT -5
Just got my tax return from my CPA. My husband and I own 4 rental properties and the CPA checked one sheet for 1099 required and not the other.
I remember hearing about a proposal for landlords needing to issue 1099s but I thought the proposal never passed. Could someone fill me in about what are the requirements?
Thanks! |
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Ombud
Junior Associate
Joined: Jan 14, 2013 23:21:04 GMT -5
Posts: 7,602
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Post by Ombud on Mar 26, 2016 16:59:54 GMT -5
Any individual you pay $600+ during the year
IRS passed it for rentals in 2013, removed but not deleted from form same year
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Bonny
Junior Associate
Joined: Nov 17, 2013 10:54:37 GMT -5
Posts: 7,463
Location: No Place Like Home!
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Post by Bonny on Mar 26, 2016 18:42:47 GMT -5
CPA called back today and said the IRS is not enforcing it against LLs. She unchecked the box.
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