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06-26-2018, 10:44 AM
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#1
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Seasoned Camper
Join Date: Apr 2018
Location: Foristell
Posts: 76
M.O.C. #21573
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1099 for reimbursement work
I had taken my camper in for some routine warranty work. I did not buy the Montana in my state, so taking it back to Indiana was not an option. I have had some local work done by the chosen approved repair center. I had also bought my first unit from them 22 years ago. Upon setting up the appointment, they told me that since they did not sell me the unit, that I would have to get reimbursed by Keystone. Since they do great work, I thought well no problem. They did a very nice job and also delivered the unit a week earlier than my date needed.
Here is where it gets interesting. I had submitted my claim to Keystone and was told that I needed to complete a W-9 for reimbursement-code for you have a 1099 coming and have to pay taxes on this .
I was asked about this further and was told....
As long as you are not paying for anything upfront and are needing a reimbursement, there will be no 1099 involved. Warranty work as long as it is approved by us to repair/cover we would not charge you for anything.
Just a lesson learned on my part, but not real sure how they can issue a 1099 for this?
__________________
Rick and Jeanne
2013 F350 6.7 CC LB SRW
2018.5 Montana 3791RD
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06-26-2018, 11:21 AM
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#2
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Montana Master
Join Date: May 2005
Location: Fall Creek
Posts: 1,337
M.O.C. #3699
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uh? I really don't understand this.
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Bob and Nancy Kassl Fall Creek, Wisconsin
2015 Montana 3440RL Legacy Edition, G614's, Pressure Pro TPMS, Dish Tailgaters
2016 GMC Sierra Denali 3500 CC SRW, Iridium Metallic, Duramax Allison Transmission
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06-26-2018, 11:25 AM
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#3
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Montana Master
Join Date: Jan 2005
Location: North Ridgeville
Posts: 20,229
M.O.C. #2839
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i also do not understand but good information to know,
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06-26-2018, 11:30 AM
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#4
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Seasoned Camper
Join Date: Apr 2018
Location: Foristell
Posts: 76
M.O.C. #21573
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Me too-doubt that it affects many people. Since I chose to buy out of state, comes into play specific to the chosen dealer for my warranty work. I am sure it is a money thing. They would do the repair work, but I had to front the money to pay them. It sounded ok to get reimbursed but not with a 1099 associated with this for sure. I really wonder if they can send me a 1099? It doesn't quite seem right for a reimbursement.
__________________
Rick and Jeanne
2013 F350 6.7 CC LB SRW
2018.5 Montana 3791RD
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06-26-2018, 11:41 AM
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#5
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Site Team
Join Date: Jun 2011
Location: Wilsey
Posts: 18,799
M.O.C. #11455
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Not sure either, but we did have work done by non Keystone dealers twice under warranty. Called and Keystone approved it. As soon as we sent them the bills, they sent us a check.
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06-26-2018, 11:49 AM
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#6
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Montana Master
Join Date: Jul 2010
Location: Lake Havasu City AZ.
Posts: 1,811
M.O.C. #10552
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Ok I have been in the tax business for over 30 years. There should be no 1099 for a reimbursement for a repair. Only for work or service performed for that company. So the only 1099 should be to the person or company doing the repair. That said there are several ways to handle This 1099 on your tax return.
Talk to your tax advisor about this he/she will know how to advise you.
__________________
Wayne and Ann Moore
2015 Ford F-350 King Ranch
Firestone air bags, bed saver.
Add 40 GAL tank in bed.
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06-26-2018, 11:51 AM
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#7
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Seasoned Camper
Join Date: Apr 2018
Location: Foristell
Posts: 76
M.O.C. #21573
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Wayne, they did have a cover letter that recommended the same thing. I am my tax advisor, so if Turbo Tax doesn't help me, will likely have them prepared next year.
Thanks!
__________________
Rick and Jeanne
2013 F350 6.7 CC LB SRW
2018.5 Montana 3791RD
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06-26-2018, 11:56 AM
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#8
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Montana Master
Join Date: Jul 2010
Location: Lake Havasu City AZ.
Posts: 1,811
M.O.C. #10552
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Good idea. Plus the new tax laws are going to make Turbo Tax people crazy.
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Wayne and Ann Moore
2015 Ford F-350 King Ranch
Firestone air bags, bed saver.
Add 40 GAL tank in bed.
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06-26-2018, 12:02 PM
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#9
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Seasoned Camper
Join Date: Apr 2018
Location: Foristell
Posts: 76
M.O.C. #21573
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For sure!
__________________
Rick and Jeanne
2013 F350 6.7 CC LB SRW
2018.5 Montana 3791RD
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06-26-2018, 12:50 PM
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#10
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Montana Master
Join Date: Mar 2012
Location: Davison
Posts: 786
M.O.C. #12331
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Quote:
Originally Posted by waynemoore
Ok I have been in the tax business for over 30 years. There should be no 1099 for a reimbursement for a repair. Only for work or service performed for that company. So the only 1099 should be to the person or company doing the repair. That said there are several ways to handle This 1099 on your tax return.
Talk to your tax advisor about this he/she will know how to advise you.
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Exactly. 1099 would be sent to someone for services rendered and paid for by the 1099 issuer. Seems like extra work for the tax preparer to balance the 1099 and the invoice for the repair.
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06-26-2018, 02:22 PM
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#11
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Montana Master
Join Date: Feb 2012
Location: Lake Gaston
Posts: 8,773
M.O.C. #12156
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Pure BS
__________________
Mike and Lorraine
2002 3655 FL, 2005 3650RK
2010 3665RE, 2015 3910FB
F350 crew cab dually 6.7
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06-26-2018, 05:59 PM
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#12
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Montana Master
Join Date: Oct 2004
Location: Salem
Posts: 7,670
M.O.C. #2283
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I’ve been giving out 1099s for over 30 years and have never heard of such a thing. I would like to know why? Maybe their accounts know something I don’t know. After all I’m just a machinist. New tax law? BS? If you find out please let us know.
Lynwood
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06-26-2018, 08:36 PM
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#13
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New Member
Join Date: Jun 2018
Location: Jefferson city
Posts: 2
M.O.C. #21980
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Offset the 1099 income with the expense that you paid the repair center....
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06-27-2018, 02:44 PM
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#14
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Seasoned Camper
Join Date: Apr 2018
Location: Foristell
Posts: 76
M.O.C. #21573
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Cover letter from Keystone....Keystone RV and Dutchmen Manufacturing, a division of Keystone RV, is a part of Thor Industries, a publicly traded company. We are required to have a FED ID number on record documenting who all payments are made too. This is done through the submission of a W-9 form. Note: By providing this information, it does not automatically indicate that any payment you receive from Keystone would be subject to Income Tax, however, Keystone cannot provide you with any tax advice so we would recommend you discuss your specific situation with your tax professional to determine your tax liability, if any, as a result any payments from Keystone RV Company.
In order for us to process your reimbursement, please complete and return the attached W-9 form. Personal information will remain confidential.
__________________
Rick and Jeanne
2013 F350 6.7 CC LB SRW
2018.5 Montana 3791RD
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07-02-2018, 01:32 PM
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#15
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Montana Fan
Join Date: Feb 2012
Location: Elkhart Lake
Posts: 141
M.O.C. #12256
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1099 reimbursement
Quote:
Originally Posted by Troutn
Cover letter from Keystone....Keystone RV and Dutchmen Manufacturing, a division of Keystone RV, is a part of Thor Industries, a publicly traded company. We are required to have a FED ID number on record documenting who all payments are made too. This is done through the submission of a W-9 form. Note: By providing this information, it does not automatically indicate that any payment you receive from Keystone would be subject to Income Tax, however, Keystone cannot provide you with any tax advice so we would recommend you discuss your specific situation with your tax professional to determine your tax liability, if any, as a result any payments from Keystone RV Company.
In order for us to process your reimbursement, please complete and return the attached W-9 form. Personal information will remain confidential.
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The Keystone cover letter is correct. The 1099 form is generated from Keystone as an expense document (paper trail), since the repair shop is not listed as one of their certified service centers. Therefore, the money had to go through your hands to pay for the service work for warranty work outside of their network. It may seem odd, but that's how it's done by Keystone.
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07-02-2018, 05:55 PM
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#16
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Established Member
Join Date: Oct 2009
Location: Germantown
Posts: 41
M.O.C. #9790
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I'm a professional accountant NO 1099 needed!!!!'
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07-03-2018, 08:04 AM
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#17
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Montana Fan
Join Date: Feb 2012
Location: Elkhart Lake
Posts: 141
M.O.C. #12256
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THOR Industries, Inc., which is the world's largest manufacturer of RVs, has several subsidiaries including Keystone, whose former CEO, is now with THOR. THOR reportedly had a revenue of $7.25 million and a net income of $374 million in 2017 alone. Undoubtedly, they have CFO's, CPA's and attorneys on their payroll who make recommendations. My point was not whether a W9 or 1099 is needed or not, or whether it's right or not, they've chosen to use this method, and in the end, you get reimbursed, albeit a rather circuitous route. We had the same thing happen to us with Keystone, in 2016, and our tax attorney reported it as non-income. Lesson is to keep your receipts, just in case.
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