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Old 02-22-2018, 04:48 PM
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Split Payment - Avoid 1099

I'm buying a small piece of property for $1,000.00.

The sellers (mother and daughter) want me to make out two checks for $500 each.

QUESTION: Do I have to send "them" a 1099 for the $1,000 purchase, OR because neither person received a payment of >$600, do I not have to?

Thanks, odd question, and I couldn't find the answer in searching the forums!



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