Hello BP friends. My LLC recently purchased a property through a wholesaler. The fee was paid through title. My question is, should I (or must I) 1099 the wholesaler?
I have researched some info out there, and I am getting mixed reviews. I know I should probably contact a real estate tax adviser, however wanted to post this out here first, to see what responses I receive. Thanks.
If you paid them directly, yes.
If they got paid from the title company from your total purchase funds, the title co. should have I believe.