Sub contractor 1099’s

4 Replies

Hi BP community-

When you are working with subcontractors on a flip, do you issue them a 1099? If so, I assume you get them to sign it up front?

Any other advice on hiring/paying subs or contractors?

Thanks!

MT

@Michael Thorne

You certainly do. Before they start work, you need to make them complete IRS Form W-9 on which they should disclose their SSN, address and the form of their business.