Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 10 years ago on . Most recent reply

1099 contractors?
Does anyone 1099 there contractors??
Most Popular Reply

Originally posted by Tracey Thompson:
Does anyone 1099 there contractors??
Yes, If you pay anyone over $600 you are required to. Landlords are not stuck to this requirement; however, anyone operating a business such as rehabbing must stick to this law.
If you fail to do so you may be subject to penalties. Always have the W-9 filled out before they begin work or before you give them a check.
-Steven