Only business needs to issue 1099.

回答: 請教報稅問題紫色風裙2023-01-11 09:54:48

Determining if your rental activity is business or investment is a complicated test.  To be simple, if you have 2-3 units, you are probably not a business therefore no need for 1099.  

 

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how about for an LLC with 5 SFH? Thanks. -紫色風裙- 給 紫色風裙 發送悄悄話 (0 bytes) () 01/11/2023 postreply 10:01:10

I will also be qualified as real estate professional. -紫色風裙- 給 紫色風裙 發送悄悄話 (0 bytes) () 01/11/2023 postreply 10:02:14

That's probably a business. You need to file 1099 -檸檬椰子汁- 給 檸檬椰子汁 發送悄悄話 檸檬椰子汁 的博客首頁 (135 bytes) () 01/11/2023 postreply 10:10:13

謝謝檸檬! -紫色風裙- 給 紫色風裙 發送悄悄話 (0 bytes) () 01/11/2023 postreply 10:03:42

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