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    patyq2000's Avatar
    patyq2000 Posts: 1, Reputation: 1
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    #1

    Jan 5, 2012, 11:11 AM
    Employee with W-2 and 1099?
    Owner of a company received the money for the office rent. Does he have to received 1099?
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
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    #2

    Jan 5, 2012, 11:32 AM
    No 1099 is needed for rent.
    But what does your title 'Employee with w2 and 1099?' mean?
    MLSNC's Avatar
    MLSNC Posts: 158, Reputation: 17
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    #3

    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    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.
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