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Updated almost 12 years ago on . Most recent reply

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35
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Gary Li
  • Investor
  • Rowland Heights, CA
2
Votes |
35
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Do I still can deduct the cost without file form 1099MISC

Gary Li
  • Investor
  • Rowland Heights, CA
Posted

I hired several persons/contractors to do the painting, landscaping, cleaning and maintainance, but I don't have their SSN or TIN, so I did not send them form 1099MISC, do I still can deduct all those costs from the rental incomes on my tax return this year?

Most Popular Reply

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

Sam W.,

As was said above. If you are a landlord only you do not have to issue a 1099-MISC. Although I highly recommend it. It is one less thing to be audited.

Not the LLC does not have to issue a 1099 in regard to the rental property, again however, it is recommended.

-Steven

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