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-   -   Understanding a 1099? (https://www.askmehelpdesk.com/showthread.php?t=185818)

  • Feb 19, 2008, 10:46 AM
    TConway
    Understanding a 1099?
    My husband(non-business) sold a piect of equipment (a boiler) to a company (LLC) who then in turn sent him a 1099. The equipment was used and something my husband had acquired but never used. I thought 1099-M were only for services provided, not miscellaneous equipment? Please advise! Thank you!
  • Mar 5, 2008, 01:59 PM
    AtlantaTaxExpert
    Form 1099-MISC is used to report ANY transaction in excess of $600.

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