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Updated about 4 years ago,

User Stats

70
Posts
9
Votes
Kaybreh Mathis
  • Rental Property Investor
9
Votes |
70
Posts

Do I Need to Issue 1099s?

Kaybreh Mathis
  • Rental Property Investor
Posted

Hello! My husband and I bought our first apartment buildings this year. We bought them in our own names. My dad has done a lot of handy man type jobs for extra income: painting, new faucets, flooring, etc. He is a teacher full-time, so he just did this for us on the side. We did pay him over $600 this year. He has a friend who is a retired plumber that we paid over $600 for some work as well. We also paid Roto-Rooter over $600 (split between 2 occasions) and have paid half upfront to a roofer but they haven't started the job yet and won't before the year ends. So my question is, do we need to issue 1099s for all these people? Only some of them? I own a business so I am familiar with the process and have issued them for the past several years. But I wasn't sure since we own the buildings in our names (although we do own an LLC called Mathis Properties, but buildings are in our names) and also wasn't sure about the individual circumstances regarding those we paid (either not businesses, or paid out on separate occasions, or work not completed yet). Any help would be appreciated!

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