Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago, 08/18/2021

User Stats

243
Posts
69
Votes
Tricia O'Brien
  • Investor
  • Anchorage, AK
69
Votes |
243
Posts

Any problem if I don't issue 1099 to handyman with job over $2K?

Tricia O'Brien
  • Investor
  • Anchorage, AK
Posted

I recently paid a builder about $4,500 total for several projects at my rental home in Indiana. These were: building a new wood deck at back door, building new staircase in  basement, installing a new window, repairing a floor, building a bedroom closet, hauling out the junk the tenant left behind.  Although he has a business name "Absolute Carpentry" on his invoices , he requested checks for payment be made out to his own name , not the business name , which we did.

  Now I am wondering , do  I need to issue him a 1099 when I do my taxes at the end of 2021?  I don't have his social security # or tax id # . Will I be able to issue that without the tax id?  Will there be any negative consequences for me if I do not issue the 1099 ? Or if  I issue it  to his name "Dale  XXXXXXX"  and not his business name ? 

What is the dollar limit where you can skip issuing the 1099?

I doubt he'll call me back if I contact  him since he didn't want to do an additional project at my house (painting)  recently because he had taken on bigger more expensive projects.

I own the rental home in my own name, not an LLC.

Any replies would be appreciated !!

Loading replies...