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bk2007
April 22, 2024
Question

1099? Self-rental

  • April 22, 2024
  • 1 reply
  • 0 views

Hi, I have an LLC which holds a commercial property. The property is leased to my husband, who is a sole proprietor, for his retail store. I have been having him 1099 my LLC for the rents paid. Is that correct?

    1 reply

    V
    Vanessa A
    April 22, 2024

    Yes.  If your husbands business is rental a retail store from you LLC then yes, he would issue you a 1099-MISC to report the rental income he paid to you. 

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