Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 01-30-2017, 11:51 PM
Junior Member
 
Join Date: Jan 2017
Posts: 1
1099 Misc reporting

We rent a shop we work out of and also rent a home from the same people. We do not use the home we rent for business. My question is do I send a 1099 Misc to them for what rent we pay out on the shop or for both? I have been paying both out of my business account. Thank you.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 01-31-2017, 12:14 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
Quote:
Originally Posted by mawcowan View Post
We rent a shop we work out of and also rent a home from the same people. We do not use the home we rent for business. My question is do I send a 1099 Misc to them for what rent we pay out on the shop or for both? I have been paying both out of my business account. Thank you.
Not for both; however, you must submit a 1099MISC to your landlord only for business rent;Before you can send out IRS Form 1099-MISC, you need to receive a W9 from the landlord and must have the Social Security number or the Tax Identification Number(EIN if yoru landlord is an LLC) and the address of the landlord to whom you plan to make payments during a calendar year. he must fill it out and return it to you so that you have the correct information to correctly fill out the 1099-MISC forms.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Accrual method reporting & 1099 misc lupot For 2015 0 04-07-2016 11:34 PM
1099-Misc reporting ptynpk S-Corporation 1 01-26-2011 11:31 PM
1099-MISC Cash vs Accrual Reporting Astice Income 0 04-05-2010 09:29 PM
Double Reporting of 1099-misc to recipient JGRMinneapolis Miscellaneous 3 03-02-2009 03:36 PM
Reporting 1099-Misc for internship smileforsuzy Income 1 02-25-2009 01:24 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.