Author Topic: 1099 for fees paid to lawyer re: Home rental?  (Read 498 times)

Mighty-Dollar

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1099 for fees paid to lawyer re: Home rental?
« on: November 12, 2016, 09:19:33 PM »
Am I required to do a 1099 form regarding consultations and contract review with a lawyer regarding the rental of my house? I writing off these expenses and the lawyer is obviously claiming the income as revenue, so there's no tax evasion here. Does the IRS really care if everyone reports it?

biglawinvestor

  • 5 O'Clock Shadow
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    • The Biglaw Investor
Re: 1099 for fees paid to lawyer re: Home rental?
« Reply #1 on: November 13, 2016, 04:08:07 PM »
Are you a business? No need for an individual to generate a 1099. Even if you are a business, you just pay this lawyer's invoice and move on like any other service provider.

jwright

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Re: 1099 for fees paid to lawyer re: Home rental?
« Reply #2 on: November 14, 2016, 07:27:11 AM »
You no longer have to issue 1099s to service providers for rental property expenses if you are not a real estate professional.  This part of the law was repealed starting in 2012.