Hi,

Does anybody know why there is no need to file form 1099 to corporations? Also, why there is no need to file form 1099 to rental real estate as well?

My client(partnership) sent over a form 1099 MISC he received from a tenant to me. The client is in leasing business. I feel like I do not need it because all the rental income is recorded in QBO. I am a little bit confused when I will need the form 1099 MISC. Could anybody help?

Thank you!