income taxes Posted February 18, 2008 Report Share Posted February 18, 2008 Client was issued a 1099s for 218,000. He is a carperter and built a spec home in 2006 and never lived in it. He sold it in 4/2007. He has always filed a sch C. He was always issued a 1099m by the title company on house he previously built . Now he gets a 1099s. How would you handle it??? Report it on the D or ask for a 1099m from title co? thanks Quote Link to comment Share on other sites More sharing options...
MontanaEA Posted February 18, 2008 Report Share Posted February 18, 2008 You can ask the title co to reissue as 1099-misc. But regardless of whether they reissue or not, the income belongs on Sch C, not Sch D. Quote Link to comment Share on other sites More sharing options...
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