Rules for When To Issue a 1099 Form to a Vendor – Updated for 2023
Nancy McClelland, LLC
DECEMBER 26, 2023
3) You may need to reconcile this form against the amount of sales income you report on your tax return. This needs to be issued to housing co-op members for their allocated portion of mortgage interest and real estate taxes paid by the cooperative, so they can deduct them on their personal tax return, Form 1040, Schedule A.
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