1099 and Rent

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  • craftymissbeth
    Legally Unlicensed
    • May 2012
    • 2385

    1099 and Rent

    My parents own the home I am living in and for half of the year I paid the mortgage directly to the mortgage company. I did not pay anything to my parents (they have since taken over the mortgage payment as I'm going through a divorce).

    Do I issue a 1099 to my parents? From the way I read Tom's reply on another thread about a similar issue I won't need to since my payments went directly to a company, but I want to be 100% sure.

    Thank you in advance!
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    house expenses

    Originally posted by craftymissbeth
    My parents own the home I am living in and for half of the year I paid the mortgage directly to the mortgage company. I did not pay anything to my parents (they have since taken over the mortgage payment as I'm going through a divorce).

    Do I issue a 1099 to my parents? From the way I read Tom's reply on another thread about a similar issue I won't need to since my payments went directly to a company, but I want to be 100% sure.

    Thank you in advance!
    Don't issue a Form 1099 to your parents.
    http://www.tomcopelandblog.com

    Comment

    • craftymissbeth
      Legally Unlicensed
      • May 2012
      • 2385

      #3
      Originally posted by TomCopeland
      Don't issue a Form 1099 to your parents.
      Thank you

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