Who gets a 1099?

[Brendan O'Brien]

For professional property managers: who gets a 1099 at the end of the year?

I know contractors need a 1099 if they got paid at least $600. Do you send your investors a 1099? How about tenants? Anybody else?

[Sheldon Harding]

Property owners that rent their properties to others should be aware of the coming paperwork burden imposed by tax law passes this year as it will soon affect them. They soon will have to gather tax id #s from their vendors and give them 1099 forms at the end of each year. Look at this link for further details.

http://www.journalofaccountancy.com/Web/20103537.htm