No Need to File 1099 by Landlord!

This is clearly stated on 2012 IRS 1099 form:

"Repeal of reporting requirements for certain rental property expenses. The requirement described in the 2011 instructions for persons receiving rental income from real estate to report payments for certain rental property expenses on Form 1099-MISC was repealed by Congress. You do not have to report those payments on Form 1099-MISC."

 

http://www.irs.gov/pub/irs-pdf/i1099msc_12.pdf

Additonal link for your refernce:

http://borgidacpas.com/2011/11/rental-property-owners-get-relief-from-1099-reporting-requirements/

No need to worry about 1099 form!!!

 

所有跟帖： 

• 谢谢。 那么，劳模的收据可用来报开支吗？ -little-landlord- ♂ (0 bytes) () 02/01/2013 postreply 08:53:31

• Of course. -nova01- ♀ (115 bytes) () 02/01/2013 postreply 08:56:05

• thank you! -秋日果园- ♀ (0 bytes) () 02/01/2013 postreply 08:53:44

• 回复：No Need to File 1099 by Landlord! -悄悄话78- ♂ (167 bytes) () 02/01/2013 postreply 08:57:50

• 每个人的知识是有限的，谢谢你，但请慎用选词。 -little-landlord- ♂ (0 bytes) () 02/01/2013 postreply 09:02:05

• 回复：No Need to File 1099 by Landlord! -悄悄话78- ♂ (241 bytes) () 02/01/2013 postreply 09:00:01

• Just wanted a clear title to help out... -nova01- ♀ (106 bytes) () 02/01/2013 postreply 09:04:41

• 回复：Just wanted a clear title to help out... -悄悄话78- ♂ (32 bytes) () 02/01/2013 postreply 09:06:37

• 已经repeal，为什么2012年1099 Specific Instructions 又提呢？ 600以上还是要报吧？？ -七妹- ♀ (359 bytes) () 02/01/2013 postreply 20:46:41

• lol, this topic has been discussed on this forum few times alrea -易木- ♂ (0 bytes) () 02/01/2013 postreply 09:15:50

• 想减税的又不想被核查的请及时file 1099。 -sweetptt- ♂ (0 bytes) () 02/01/2013 postreply 09:18:07

• 能file,当然file比不file要好。如果有这个条款，查起来也不心虚啊。 -little-landlord- ♂ (0 bytes) () 02/01/2013 postreply 09:25:19

• 查要尽量避免。 -sweetptt- ♂ (275 bytes) () 02/01/2013 postreply 09:48:51

• 言之有理！ 但俺的前提是没有办法file 1099 。 -little-landlord- ♂ (152 bytes) () 02/01/2013 postreply 09:59:52

• 既然已经废除了，就不必file，simple as that，不知“不想被核查”从何谈起 -牛友友- ♂ (0 bytes) () 02/01/2013 postreply 09:38:12

• 如果被核查，那就是连查5年。每年要去喝茶。 -sweetptt- ♂ (0 bytes) () 02/01/2013 postreply 09:39:54

• Please Refer to JY101's Answer. BTW, I agree with him and that's -monkeyboy- ♂ (82 bytes) () 02/01/2013 postreply 09:26:23

• 我还是想问，这限值600 是以房子为单位，还是以被雇者为单位。 -little-landlord- ♂ (159 bytes) () 02/01/2013 postreply 09:50:31

• 那要看你是否LLC。你报在一张税表上，就是累加。 -sweetptt- ♂ (0 bytes) () 02/01/2013 postreply 09:53:10

• 谢谢两位解答，俺没法钻空子了。所有的白菜都是在俺个人名下，且一个劳模长工。 -little-landlord- ♂ (0 bytes) () 02/01/2013 postreply 10:06:25

• 几点看法... ... -牛友友- ♂ (863 bytes) () 02/01/2013 postreply 10:10:32

• I agrre with you. what is copy B of 1099 form? it's too late for -七妹- ♀ (0 bytes) () 02/01/2013 postreply 20:50:16

• 高兴多了就其疑心了: Life won't be that easy -wooddiy- ♂ (253 bytes) () 02/01/2013 postreply 09:59:28

• Professional landlords are still required to file 1099; that's w -gqc- ♀ (0 bytes) () 02/01/2013 postreply 10:19:29

• please stop posting the needs of issuing 1099 -悄悄话78- ♂ (795 bytes) () 02/01/2013 postreply 10:23:15

• 你应该庆幸这5个小时的学习机会。LOL。 -sweetptt- ♂ (0 bytes) () 02/01/2013 postreply 10:27:47

• 不好意思，刚问了会计，怎么说如果钱不是付给corporation的，而是个人的，还需发1099. -秋日果园- ♀ (121 bytes) () 02/01/2013 postreply 10:29:21

• forward him the IRS instruction -nova01- ♀ (34 bytes) () 02/01/2013 postreply 10:36:12

• The repeal was recent. Your accountant's knowledge is not update -牛友友- ♂ (462 bytes) () 02/01/2013 postreply 10:36:16

• 多谢回答，决定不发了，反正一开始也没问劳模要SSN，多一事不如少一事。不过有receipt作为cost -秋日果园- ♀ (0 bytes) () 02/01/2013 postreply 10:39:26

• what about over $600 then need to send 1099? Thank you so much! -bluefans- ♀ (0 bytes) () 02/01/2013 postreply 10:58:35

• No! IRS never asked if less than $600 -nova01- ♀ (0 bytes) () 02/01/2013 postreply 12:02:08

• Thanks a lot !!! -bluefans- ♀ (0 bytes) () 02/01/2013 postreply 12:22:09

• Yeah, I remember you clarified my puzzle before -小心翼翼的小地主- ♀ (0 bytes) () 02/01/2013 postreply 10:41:49

• Passive landlord doesn't have to -小心翼翼的小地主- ♀ (0 bytes) () 02/01/2013 postreply 10:43:13

• I asked my accountant. He suggested to send the form anyways. -laota- ♀ (0 bytes) () 02/01/2013 postreply 11:23:49

• great！ I just ask this question in Tax 版。 I will read it more. T -七妹- ♀ (0 bytes) () 02/01/2013 postreply 19:50:07

• 我一头雾水。 是说房子的租金少于600一套不需要file 1099吗？ -风之静舞- ♀ (83 bytes) () 02/02/2013 postreply 21:05:55

• 我一头雾水。 是说房子的租金少于600一套不需要file 1099吗？ -风之静舞- ♀ (83 bytes) () 02/02/2013 postreply 21:06:06