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1099 reporting of labor and rental on a single invoice
December 7, 2021
Q. If a vendor sent an invoice that has both labor (professional services 1099-NEC) and rental equipment (1099-MISC) on the same invoice, if over $600 for both line items, should we split out them individually and issue the vendor both a 1099-NEC and 1099-MISC?
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, the 1099…
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