Filing 1099s for Tax Returns
Hi all,
My accountant just got back to me about filing my 2013 taxes and he says I need to file 1099s for all the contractors I paid over $600 for over the course of the year.
Is this standard protocol for real estate investors or is my accountant misinterpreting how I'm using the contractors. Not sure, because I already spoke with a rehabber who has never done this before, but I figured I'd reach out to a broader audience to ask the question.
Thanks,
Kyle