Determining if your rental activity is business or investment is a complicated test. To be simple, if you have 2-3 units, you are probably not a business therefore no need for 1099.
Determining if your rental activity is business or investment is a complicated test. To be simple, if you have 2-3 units, you are probably not a business therefore no need for 1099.
• how about for an LLC with 5 SFH? Thanks. -紫色风裙- ♀ (0 bytes) () 01/11/2023 postreply 10:01:10
• I will also be qualified as real estate professional. -紫色风裙- ♀ (0 bytes) () 01/11/2023 postreply 10:02:14
• That's probably a business. You need to file 1099 -柠檬椰子汁- ♂ (135 bytes) () 01/11/2023 postreply 10:10:13