1099 on self directed IRA for a contractor?

[Erik Kubec]

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

[Helene R]

I'm assuming you had your IRA do it as a 1 time bill pay so I don't see why you would issue a 1099.
To be safe you should call and talk to someone at your IRA to get a clear decision on that because there is always a chance the amount would trigger one sent from them.
I just don't know for sure but don't think paying a bill for rehab would trigger that.