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Are all rent payments 1099-reportable?
October 5, 2021
Q. Are all rent payments 1099 reportable, regardless of tax classification?
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.)
No. Rent payments made to exempt recipients (e.g., corporations, tax-exempt entities, government entities and, for rent payments only, property managers or real estate agents) are not reportable.
88799
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