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Which of these are 1099 reportable?
January 30, 2022
Q. 1. We paid an LLC-P for a hydraulic press and mounting bench. On the surface, it appeared we would not send a 1099 since we purchased a hydraulic press and mounting bench, but then as I thought more about it and looked at the purchase order, it is for them to build the hydraulic press, which then makes me think perhaps we should send a 1099. Is that correct?2. Would we include a $500 laptop allowance payment in the total 1099 amount reported for an independent contractor who is a sales…
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