Rent

1099-MISC Thresholds

Question:

What are the dollar thresholds for each of the following boxes on the 1099-MISC: box 1 box 6 box 14

Answer:

$600

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Easement paid to corporation

Question:

1) I paid easement (right to use land, but not purchase the land) to a company that is Corporation. Do I still issue a 1099-Misc Rent (box 1) to the company even though they are a Corporation? 2) We purchased a property from a company that is Corporation. Do I still issue a 1099-S even though they are a Corporation?

Answer:

Corporations, but for medic . . .

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Right of Way Payment

Question:

I am paying a land (property right of way) payable to XYZ Irrevocable Trust. What is an Irrevocable Trust? Do I issue 1099-S?

Answer:

Right of way payments can b . . .

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Right of Way Payment

Question:

I am paying the Right of way -rent along with "Statutory" fee. Do I report both fees together (the right of way and the statutory fees) as rent in box 1 of the form 1099-misc?

Answer:

There are multiple situatio . . .

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1099-S

Question:

I paid a Property Right of Way. Is that reportable or not? Would that be 1099-S?

Answer:

Right of way payments can b . . .

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