Category: Potpourri of Tax Topics

Do Landlords Need to Issue 1099s? An In-Depth Look, Part 4

Let’s recap what the issues are when determining if a rental owner needs to issue 1099s. Section 6041 deals with issuing 1099s. Section 6041 and the related regulations simply say “trades or businesses” need to issue 1099s. No definition of “trade or business” is given. Trade or business status with rentals has typically referred to […]

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