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Reporting payments for custom-made furniture

January 30, 2023
January 30, 2023

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Q. We purchase custom designed and built cabinets, furniture and displays. For purposes of reporting on a 1099, would this be considered a goods purchase and not be reportable, or a service that could potentially be reportable based on the tax classification of the company? A. (Answered by IOFM's third-party tax experts) If the payment is for items which are produced in multiples, then even if they're manufactured to a custom design the items are still "merchandise" and come under the exclusion…

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