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Question

1099 for paying rent?

Forum|Forum|1 year ago
May 8, 2024
1 reply
0 views

If I’m an LLC business, do I need to collect a W-9 from my landlord and issue them a 1099 at the end of the year if I pay them more than $600 during the calendar year?

Not A Product Question

Employee

The landlord should receive a 1099-misc unless they are a corporation or an LLC S- corp.

AZDCAuthor

So I need to issue them a 1099-MISC, but if they’re a corporate or s corp LLC, then what?

Employee

A 1099-MISC is not issued to a corporation (including an S corp or an LLC that is treated as a C corp or S corp). If the landlord is a corporation you don't have to do anything. If it's an LLC you should probably ask for a W-9 to make sure that the tax classification is clearly documented.