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Updated about 7 years ago on . Most recent reply presented by

User Stats

19
Posts
1
Votes
Scott Parker
  • Rental Property Investor
  • Laurel, MS
1
Votes |
19
Posts

should I issue 1099's as a landlord

Scott Parker
  • Rental Property Investor
  • Laurel, MS
Posted

Hello all, I have a question regarding issuing 1099's. This has been the most difficult question to get answered even from cpa's. I understand the general rule of giving a 1099 for work performed over $600 but, after hours of research, I understand that this doesn't apply to landlords. Congress repealed having to issue 1099's for landlords in 2011 with bill HR4 but no cpa that I have spoken to has ever heard of it. I am not a real estate professional according to the IRS and I feel that my rental company is considered a passive activity in that I don't meet any of the 7 tests of material participation. My simple question is, am I required to issue 1099's? Thank you in advance for any insight.

Most Popular Reply

User Stats

5,271
Posts
2,325
Votes
Steven Hamilton II
  • Accountant, Enrolled Agent
  • Grayslake, IL
2,325
Votes |
5,271
Posts
Steven Hamilton II
  • Accountant, Enrolled Agent
  • Grayslake, IL
Replied

You are not required to as a landlord.. That section was repealed. 

  • Steven Hamilton II
  • [email protected]
  • (224) 381-2660
  • Loading replies...