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1099 Reporting for Supplies Purchased from Sole Proprietors
February 14, 2025
Q. We issue a 1099 to one of our vendor based on how he completed his W9. He is using his SS # and checked the box in section 3 "Individual/sole proprietor or single-member llc" what we purchase from him are banners and table cover and such. I guess you can consider those supplies.
A.
(Answered by IOFM's third-party tax advisor)
If you are making a payment for supplies, it would not be reported on a 1099.
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