1099 for simple sale of equipment? I used to a be partner in an incorporated lighting production company. The business was closed and the corporation was formerly dissolved in 2011. I recently sold a piece of equipment that the former corporation owned to another company for $3500. They paid me personally by check. They want me to now fill out a W9 so they can send me a 1099-Misc. I do not think that a 1099 applies in this case. Am I wrong? |