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re: CPA Question - EDIT - Can I retroactively fill out a 1099-Misc for IC work?

Posted on 3/26/15 at 1:48 pm to
Posted by StringedInstruments
Member since Oct 2013
18469 posts
Posted on 3/26/15 at 1:48 pm to
quote:

Repairs are deductible as a business expense. There is no form 1099 involved, just your receipt for the repairs.


Not according to many sources including Turbo Tax Premier.

For any repair or service over $600 provided by an independent contractor, I have to fill out a Form 1099-Misc for that work. This unfortunately was done about a month after I became a landlord, which was something I was not expecting to be. I didn't know to give the guy the form at the time of service. I'm looking into it now to see if I can do this retroactively.

quote:

Are you sure you should be doing your own taxes?


Outside of that one question I have, so far, Turbo Tax has been great.
This post was edited on 3/26/15 at 1:50 pm
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