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Level 3
December 7, 2019
Solved

What box do I use on from 1099-MISC to report truck lease payments from an S-corp to an individual who is a shareholder of the S-corp?

  • December 7, 2019
  • 3 replies
  • 19 views
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Best answer by IRonMaN

Box 7

3 replies

IRonMaN
IRonMaNAnswer
Level 15
December 7, 2019

Box 7

Slava Ukraini!
qbteachmt
Level 15
December 7, 2019

Box 1 is for Rent, including renting of equipment. It's hard to know about the Truck, here. Box 7 is for Services.

Don't yell at us; we're volunteers
Level 7
December 7, 2019

I'm just curious - is this some kind of specialty equipment or simply use of the shareholders personal vehicle?