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Updated about 12 years ago,
1099 on self directed IRA for a contractor?
I really thought with a bit of love from Google, I could find an answer to this... but I didn't.
In 2012 I created a self direct IRA (no LLC) and had it purchase one condo all in cash. I hired a contractor to do about $3k worth of work and directed the IRA to pay said contractor that amount.
The contractor just called me to find out if i would be issuing a 1099. I can't find any form or info on Equity Trust Company's website about how to do this, and what I have found on the interwebs is a bit conflicting.
Anyone out there in BP land with a SDIRA who has paid a contractor and had to answer this question?
-e