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June 1, 2019
Question

Am I required to give contractors a 1099 for building my house on a construction loan?

  • June 1, 2019
  • 1 reply
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house did not get completed in 2015. house is being built with a construction loan

    1 reply

    Employee
    June 1, 2019

    You are not required to issue Forms 1099.  Forms 1099-MISC are issued to people you pay in the course of your trade or business.  They are not required for personal activities such as building a personal home.