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    sbnabours's Avatar
    sbnabours Posts: 2, Reputation: 1
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    #1

    Feb 16, 2009, 12:27 PM
    1099 and rental property
    I have been unable to sell my house so I ended up renting it starting in Feb. 2008. I have a friend who agreed to handle any maintenance problems and bill me for the repairs he does for a monthly fee, since I don't live in the state anymore. Do I need to send him a 1099-MISC or could he just send me a bill for services rendered? The repairs in all cost around $1900 including parts and the fee ended up being $825 for the year.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Mar 6, 2009, 04:02 PM
    Yes, a Form 1099-MISC IS required unless he is working as a corporation.

    And, if you have not already submitted the form under a Form 1096, you are officially LATE and may be subject to a fine.
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