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Updated almost 5 years ago, 01/21/2020
Issuing 1099 to contractors
Hello,
This is the first year where I have to issue 1099s to contractors as we fixed up a couple of properties in Indianapolis. I have received the W-9 forms from both contractors that we used. As I'm filling out the 1099 form (from online) I came up with a question. This may not make a difference one way or another, but figured I'd ask anyway. Sorry if this it's irrelevant no matter which way this is done.
These 2 houses were purchased in my individual name so as to allow us to get conventional financing on the properties. When issuing the 1099 form, do I issue it from my LLC or from myself as an individual? Also, I assume the amount of money paid to the contractor goes in line #3 Other Income, but please advise if it goes somewhere else.
Thank you in advance for your help!