Taxpayer is a 1040 filer, which includes a Sch E for a residential rental.
Is the t/p required to file 1099-MISC for any (+$600) payments made to providers of services (repairs, etc) related to rental. 1099-MISC instructions say to report payments made in the course of a trade or business. Would a Sch E rental be considered a business for 1099 reporting purposes?
Is the t/p required to file 1099-MISC for any (+$600) payments made to providers of services (repairs, etc) related to rental. 1099-MISC instructions say to report payments made in the course of a trade or business. Would a Sch E rental be considered a business for 1099 reporting purposes?
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