I own a daysailng charter business. The last couple years I have been "renting" the slip that I own from myself for the charter business. This year I see if I pay more than $600 rent I have to send my landlord (myself) a 1099-MISC. Is this for real? I just found out about it, so obviously I didn't send myself or uncle sam a 1099. Do I need to worry about it?
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