How to 1099 a Contractor - Episode 436

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This episode of Investing in Real Estate is sponsored by Fund&Grow. Fund&Grow helps investors access business lines of credit with 0% interest. For $500 off your startup fee, visit morrisinvest.com/funding

Part of being a successful real estate investor is doing your due diligence year-round in order to make tax time easier. Most likely, your business will have employed multiple contractors throughout the year. The IRS requires that you 1099 any person or business that you've paid more than $600.

On today’s episode of Investing in Real Estate, we're sharing all the details on sending 1099s to independent contractors. You'll learn the tax implications for your business, how to be prepared and organized, and more! Let’s get ready for tax season on this episode!

On this episode you’ll learn:

  • Why you should send a 1099.

  • The types of businesses and individuals you should issue 1099s too.

  • How to deal with contractors who don’t want to fill out the 1099.

  • Tips for filling out your own 1099 forms.

  • And more!

Episode Resources
Fund&Grow
WealthAbility
Natali’s Blog Post
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Capital One Venture Personal Credit Card
Find Your Financial Freedom Number
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