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    gdelacy's Avatar
    gdelacy Posts: 1, Reputation: 1
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    #1

    Feb 5, 2013, 06:40 AM
    Would we issue a 1099 to our home builder
    We are currently building a home. Our builder operates as Inc, although it is apparent is a sole owner (one man band). Can we issue him a 1099?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Feb 5, 2013, 08:37 AM
    Why would you want to issue him a 1099? Are this house being built as part of a business venture on your part? If this is a personal residence then no need for you as a customer to issue your contractor a 1099.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Feb 5, 2013, 08:40 AM
    You are really confused, "he apparently operates as a sole owner"
    Many, if not a large percent of corporations are one person, or husband and wife operations.
    They are formed for tax purpose, not for size of company.
    I for example have 3 corporations, two are just me, one for my rental properties, another for other investments.
    Then I have one for my business which has a few employees.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #4

    Feb 5, 2013, 09:41 AM
    The "INC" designation gives you the out for NOT issuing him a Form 1099-MISC.
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