John M. Compagno is a real estate equity partner at the law firm of Holland & Knight LLP in San Francisco and a licensed real estate broker. You can reach him at john.compagno@hklaw.com.
If you’re the owner of even a single unit of rental property, starting this year you must start tracking all vendors doing at least $600 worth of work for you. Federal law now requires you to send them an IRS 1099 form.