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I happen to be one of those who is reasonably happy with the health aspects of the new health care bill, but I'm told that in the health care bill there is something that has nothing to do with health care. There apparently is a provision than firms will have to send out 1099s for any purchase over $600. It seems there is a chance that congress will rescind this item though I haven't heard anything more about it, and there are also those who say it is a good idea to continue the 1099 provision.

My question is this, my wife has a rental cottage as an LLC. If this 1099 provision sticks, will she have to be sending out 1099s? She has quite a number of purchases this year over $600.

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