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1099 reporting for "storage"
November 9, 2021
Q. Looking at the 1099-MISC and 1099-NEC exceptions section, the second bullet point states storage as an exception. I have been looking for more information and trying to identify exactly what "storage" pertains to on the IRS website. We have a document storage supplier that is a partnership and I would like to confirm this vendor would be considered an exception according to the instructions.
Any information or resources you could provide would be greatly appreciated.
A.
(Answered by a 3rd…
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