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.
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-
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01/11/2023 postreply
10:01:10
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I will also be qualified as real estate professional.
-紫色風裙-
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01/11/2023 postreply
10:02:14
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That's probably a business. You need to file 1099
-檸檬椰子汁-
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01/11/2023 postreply
10:10:13
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