After March 11, 2021, such rent payments as described above should be reported on Form 1099-MISC, Miscellaneous Information.
The subject of rent payments made through third party networks is covered under the American Rescue Plan Act which:
- Was signed by President Biden on March 11, 2021.
- Clarifies the scope of Form 1011-K.
The Act shows that when rent payments are made through third-party networks, they should be treated as miscellaneous information and reported on Form 1099-MISC.
Find out more on Form 1099 at https://brainly.com/question/25485090.
