1099 reportability of office equipment rental
January 28, 2021
Q. We lease a postage machine from Pitney Bowes; is this payment 1099-reportable? What about coffee machines?
(Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.)
Payments for rental of equipment are reported in Box 1 of Form 1099-MISC, if totaling $600 or more for the calendar year (except that corporations, tax-exempt entities…
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