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PDtax
PDtax, CPA, MBA
Category: Finance
Satisfied Customers: 4099
Experience:  Tax professional and business consultant for 35 years.
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Do I do a Misc 1099 to an individual to which we bought a

Customer Question

Do I do a Misc 1099 to an individual to which we bought a vehicle for our company?
Submitted: 8 months ago.
Category: Finance
Expert:  PDtax replied 8 months ago.

Hi from Just Answer. I'm PDtax.

The purchase of a vehicle is not typically reported to IRS or the recipient via Form 1099-MISC unless you bought the vehicle for resale. Since you did not, the 1099-MISC need not be filed.

Thanks for asking at just Answer. Positive feedback is appreciated. I'm PDtax.