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Tax, SDIRAs & Cost Segregation

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Kyle B.
  • Highland, IN
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253
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Filing 1099s for Tax Returns

Kyle B.
  • Highland, IN
Posted Mar 6 2014, 08:11

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

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