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1099 reportability for a REIT
March 24, 2023
Q. If we were purchasing a service from a single member limited liability company included in a real estate investment trust, would we need to issue a 1099?
A.
(Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.)
Yes, because REITs aren't exempt from being reported on Form 1099-NEC for payments for services reportable under the sec.…
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