Give 1099 For Rent Payments

[Unregistered]

If a 1099 is supposed to be issued for payments made for rent, but 1099s only have to be issued for business payments & not personal payments ... then do I send my landlord a 1099? Because I do deduct part of my rent for business obviously (the time/space portion) - so part of it is a business payment. I have not given him a 1099 in the past. But I was just reading the 1099 instructions, and it got me to thinking about that.

Thanks for your help!

[Michael]

More 1099 threads: https://www.daycare.com/forum/tags.php?tag=1099

[Unregistered]

Thank you Michael - I could not find the answer to this question. And I was thinking also - what about a plumber? I paid a plumber over $1,000 last year for various projects - a hot water heater, replacing a toilet, and a couple of other things. It was paid from my personal account - but same as rent - part of it is deductible for my daycare. So do I send him a 1099?

[TomCopeland]

1099

If a 1099 is supposed to be issued for payments made for rent, but 1099s only have to be issued for business payments & not personal payments ... then do I send my landlord a 1099? Because I do deduct part of my rent for business obviously (the time/space portion) - so part of it is a business payment. I have not given him a 1099 in the past. But I was just reading the 1099 instructions, and it got me to thinking about that.

Thanks for your help!

When you pay a company to do work for you (plumbing, lawn maintenance, etc.) you don't issue a Form 1099. If you pay an individual to do work for your business and you pay the person more than $600, you should issue a Form 1099. If you write the rent check to an individual person, issue a Form 1099. If you write the rent check to a company, don't.

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[Unregistered]

Thank you, I understand that part of it but let me clarify what I was trying to ask in my original post. In the instructions for Form 1099-MISC, it says "Report on Form 1099-MISC only when payments are made in the course of your trade or business. Personal payments are not reportable."

So ... when I pay my landlord - an individual - for rent, am I making a personal payment, or am I making a payment for my trade/business which would require a 1099 - because I WILL be using my rent payments as expense deductions on my tax return (the time/space percentage portion of my rent payment on Form 8829).

Thank you !

[TomCopeland]

Rent

Thank you, I understand that part of it but let me clarify what I was trying to ask in my original post. In the instructions for Form 1099-MISC, it says "Report on Form 1099-MISC only when payments are made in the course of your trade or business. Personal payments are not reportable."

So ... when I pay my landlord - an individual - for rent, am I making a personal payment, or am I making a payment for my trade/business which would require a 1099 - because I WILL be using my rent payments as expense deductions on my tax return (the time/space percentage portion of my rent payment on Form 8829).

Thank you !

Ok. Your rent payment is both business and personal. So, for purposes of Form 1099, consider it business.