HI. I have a company that purchased a rental home. When writing the offer, we had to write a check for earnest/escrow money to the title company for $3,000. Once the contract was executed, the title company cashed the check in the escrow acct. Then when we closed on the house, the $3,000 were deducted from the price. Do I (the company who purchased the home) need to send a 1099 MISC to the title company for these $3,000 ? Thanks.