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June 4, 2019
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I paid commission to real estate agent company to find a tenant for our rental property, do I need to file 1099 MISC?

  • June 4, 2019
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Best answer by kprice3

No.  Unless you are in a trade or business of Rental Real Estate, then you are not required to issue a 1099.  It is the position of the IRS that landlords only need to file 1099s when their rental activities become a trade or business.  Most owners of rental properties who are not engaged in other real estate businesses, do not need to file 1099s.

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kprice3Answer
June 4, 2019

No.  Unless you are in a trade or business of Rental Real Estate, then you are not required to issue a 1099.  It is the position of the IRS that landlords only need to file 1099s when their rental activities become a trade or business.  Most owners of rental properties who are not engaged in other real estate businesses, do not need to file 1099s.