My company rents a lab from a nonprofit corporation. Do we need to issue them a 1099-MISC? My understanding is we do not need to issue 1099-MISC to any corporations (except for attorney fees).
Hi:
Ultimately, this is between you and your tax preparer, but given that the 1099-MISC includes a section for rent paid, it certainly reinforces this key expense as a distinct cost of doing business.
Meanwhile, the nonprofit will appreciate being able to point to non-donation revenue.
Good luck.
Kerby
Answered 5 years ago
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