Question: Rent payments that are processed through a third -party network after March11, 2021, should be reported to the taxpayer on which form? A. The payer

Rent payments that are processed through a third -party network after March11, 2021, should be reported to the taxpayer on which form?

A. The payer may elect to report the payment on either form 1099-K, Payment Card and Third Party Network Transactions or Form 1099-MISC, Miscellaneous Income.

B. Only Form 1099-K Payment Card and third Party Network Transactions

C. Only Form 1099-NEC Non-employee Compensation

D. Only Form1099-MISC, Miscellaneous Income

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