Yes, you have to give him that info so he can send a 1099. Actually he should have sent you one already. This is nothing new. That law has been on the books for a long time. A couple years ago they were going to expand it where many more 1099's would have been required. They backed off when everyone complained how expensive and difficult it would be to comply.
If you're incorporated he MIGHT not be required to send a 1099 to you.
The reason for the 1099 is to make sure you report the rent income.
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Today's Featured Article - Timing Your Magneto Ignition Tractor - by Chris Pratt. If you have done major engine work or restored your tractor, chances are you removed the magneto and spark plug wires and eventually reached the point where you had to put it all back together and make it run. On our first cosmetic restoration, not having a manual, we carefully marked the wires, taped the magneto in the position it came off, and were careful not to turn the engine over while we had these components off. We thought we could get by with this since the engine ran perfectly and would not need any internal work. After the cleanup and painting was done, we began reassembly and finally came to t
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