How do we define "engaged in rental real estate as his/her trade or business"?
5 rentals? 10 rentals? 20? 50? Can anyone answer?
Does a landlord considered to be engaged in rental real estate as his/her trade or business have to report the above payment on a Form 1099? Yes. Landlords whose rental activities constitute a trade or business are still obligated to report payments to unincorporated service providers of $600 or more.
