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Updated over 1 year ago on .
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1099's and W-9s
Hello,
This was my first year flipping houses and I am now finishing my books for tax season. I am aware I need W-9s and 1099s for each contractor I paid over $600 that is not operating under a corporation. My question is how can I tell what kind of business a contractor is operating? Is there an easy way to tell or do I have to approach each contractor and ask?
I am definitely now learning that it is much easier to request a w-9 before paying anyone...