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View Full Version : Employee with W-2 and 1099?


patyq2000
Jan 5, 2012, 11:11 AM
Owner of a company received the money for the office rent. Does he have to received 1099?

joypulv
Jan 5, 2012, 11:32 AM
No 1099 is needed for rent.
But what does your title 'Employee with w2 and 1099?' mean?

MLSNC
Jan 5, 2012, 01:23 PM
I am assuming the owner of the Company also receives a W-2 from the Company for work performed. In addition he/she also owns the Company's building and receives rents. I hate to disagree but I think the rent payments do go on a 1099-Misc (Box 1).

AtlantaTaxExpert
Jan 5, 2012, 10:44 PM
Depnds on the TYPE of business. If the business is a corporation, NO Form 1099-MISC is required.

If the business is a partnership, then the Form 1099-MISC is required.