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Updated about 7 years ago on . Most recent reply

User Stats

124
Posts
62
Votes
Rich Thomas
  • Investor
  • Salem, MA
62
Votes |
124
Posts

1099 for security deposit?

Rich Thomas
  • Investor
  • Salem, MA
Posted
Hello, I recieved an email today from one of my tenants saying... “My daughter's father in law recently asked me if I had your social security number for tax purposes since his construction company wrote you the security deposit check for the apartment.He needs to send you a 1099 form.” Is this correct? Ive never gotten a 1099 before for a security deposit as i thought it was not considered income because its held in an escrow account... Nevermind the fact that I dont want to give my social security number out to a tenant and someone I dont even know.. Anyone who could help give some insight and how I should reply to this tenant would be appreciated!

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