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Originally Posted by mawcowan 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.