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Updated almost 3 years ago on . Most recent reply

User Stats

14
Posts
1
Votes
Michael Anderson
  • Houston, TX
1
Votes |
14
Posts

I own a few SFH's as investments. 1099's required?

Michael Anderson
  • Houston, TX
Posted

Hey everyone...preparing taxes :( . Have a few single family rentals as investments, not my full time gig as I have a 9-5 job. We hire contractors to do work on the houses - basic stuff like plumbers, electricians, etc. I make decisions on tenants and in the eyes of the IRS, we are "Active" but we do not take the QBI safe harbor.  I deem that these houses are investments and not businesses, no need to send them 1099's?

Not looking for binding tax advice, just thoughts about the above situation.


Thanks!!  

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