income taxes Posted February 18, 2008 Report Posted February 18, 2008 Client was issued a 1099s for 218,000. He is a carperter and built a spec home in 2006 and never lived in it. He sold it in 4/2007. He has always filed a sch C. He was always issued a 1099m by the title company on house he previously built . Now he gets a 1099s. How would you handle it??? Report it on the D or ask for a 1099m from title co? thanks Quote
MontanaEA Posted February 18, 2008 Report Posted February 18, 2008 You can ask the title co to reissue as 1099-misc. But regardless of whether they reissue or not, the income belongs on Sch C, not Sch D. Quote
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