Augusta 14 day rent rule - 1099 or not - Spidell

Augusta 14 day rent rule – 1099 or not

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Message Board Augusta 14 day rent rule – 1099 or not

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    • #317114
      Jesse Gleaton
      Participant

      When using the August 14 day rent rule (Section 280A(g), do you recommend the business 1099 the business owner for the rented amount? When a 1099 rent is issued, we can zero it out with the same amount as an expense. But I’ve heard different opinions from accountants on whether to 1099 or not.

    • #317123
      William Dewberry
      Participant

      I believe the payor should always comply with the $ 600 paid rules, simple as that.

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