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

    Feb 19, 2008, 10:46 AM
    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!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Mar 5, 2008, 01:59 PM
    Form 1099-MISC is used to report ANY transaction in excess of $600.
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