Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago,
Operating as a LLP, do I need to give 1099 to contractors?
Operating as an LLP, getting conflicting answers regarding when is it mandatory to give 1099's out. Sounds like $600 is a consistent threshold. But do I really need to give a 1099 to my plumber, lawn mowing guy etc. ? Any advice with some facts backing it up would be nice. My accountant says I should be giving 1099's but he can't point me in the direction that explains if I have to. Thanks..