Income taxes and 1099 forms??for consignment shops and booth rentals…

  • Topic
  • Bonniebo #54651

    Hi I own a consignment shop and we do booth rentals as well as offer consignment. Does anyone in the industry know what forms I would need to fill out and or what information I’d need to collect from the consigners and renters? Apparently I’m supposed to fill out a 1099 form if they sell over $600 in a year. Confused would be great if anyone can give me info o. Their experience on how to go about doing the right thing.

    Thx!

  • Discussion
  •  Anonymous #85972

    I don’t know but while researching I discovered that I might be required to give my mall owner a 1099 for the rent I paid to her. I’ll let you know what I find out on that one.

    Margo

You must be logged in to reply to this topic.