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1099 Reporting for Insurance Premiums Paid to Partnerships
January 23, 2026
Q. BRP Middle Market Insurance Holdings LLC (The Baldwin Group) - Tax classification LLC-P. We purchased insurance such as D&O insurance, Cyber liability insurance, and workplace violence insurance. Do we need to issue a 1099 to BRP Middle Market?
A.
(Answered by IOFM's third-party tax expert)
Purchase of insurance is not reportable.
#122918
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