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Recommendations: 0
My wife and I own a single family home that has been rented to various families since 1984. The current tenant (13+ years) is a retired Catholic nun that forwarded a request from the Assistant Treasurer of her Motherhouse.
The request reads in part: "I need your help in getting information from your landlord. I am attaching a W-9 Request form for Taxpayer Information to be filled out by your landlord. . . . We need this information because we have to file the 1099 Tax Forms for the rent that has been paid by you to your landlord. This rent is considered income for them and we have to report it to the IRS."
I assume this is the result of some new reporting requirement and the Order pays or assists in paying the rent. If it matters, the lease is between us and the Sister as an individual and she pays rent with a personal check, although that may be drawn on the Motherhouse account.
My tenant thought this was a one-time thing. This is a new one on me, Form 1099 for rent. Can some one enlighten me?
George
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