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1099 reporting to a non-profit?
April 16, 2024
Q. Our company paid an elementary school which is located next to our property for use of their land for parking during our tennis tournament. We received a W-9 form from the school organization and box 3a had OTHER checked; NON-PROFIT.
Are non-profits exempt from reporting 1099? If not exempt, do I report as parking or rent?
A.
(Answered by IOFM's third-party tax experts)
Payments made to tax-exempt entities are not subject to Form 1099 reporting requirements. Schools, colleges and…
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