Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago,

User Stats

9
Posts
2
Votes
Dustin Battas
  • Glen Carbon, IL
2
Votes |
9
Posts

1099-M Help on First Flip

Dustin Battas
  • Glen Carbon, IL
Posted

Hello,

I am in the process of flipping my first house. I was a fool and had a miscommunication with my partner and we didn't get one subcontractor's tax info on a W-9 before we payed him. I payed him the $3,000 we owed him with a personal check. Now, as I am sending out 1099's to the contractors he has not responded to my request with his tax id or soc sec number. Therefore, I can not fill out a 1099 for him completely. I have his name and address. 

What are my options here? Obviously, I would like to write off the $3,000 expense. The due date to send out 1099's is today. Do I continue to try to track him down for his info and pay the 30 day late fee if I'm able to do that? My only proof of payment is the cancelled check and bill he gave me. Thank you very much for any advice...and I know never again will I not have a W-9 completed before payment!

Loading replies...