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kshort1990
December 13, 2023
Question

1099 Filing to title company for property sold through LLC?

  • December 13, 2023
  • 1 reply
  • 0 views

I sold an investment property (not a rental) through an LLC this year.  Does the LLC need to send a 1099 to the title/closing company that received all funds for the sale?  The particular title company is registered as an LLC, not a corporation.

    1 reply

    A
    Anonymous_
    Employee
    December 13, 2023

    1099s are for trade or business reporting.

     

    See https://turbotax.intuit.com/tax-tips/self-employment-taxes/what-is-the-irs-form-1099-misc/L4wLb4bej

    Critter-3
    Critter-3
    December 13, 2023

    NO ... the closing company should have issued you a 1099 at closing ... look thru the pile of papers you dragged home. 

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