1099-NEC

[Esteban5]

Hi good morning.

My wife and I file joint return, have 9 to 5PM jobs and get W2, dividends and interests from investments.
In 2021 we moved to a new house and rented the old house.

We did some work before renting it, like replacing AC unit. Do we have to send a 1099 NEC form to the AC company? or are we exempted from this requirement since we only rented this property and are clearly not in rental business?

Have read a lot and does not seem to be clear.

Many thanks

[AliciaP1 · Accepted solution]

If you were a real estate professional and in the business of flipping or renting properties, you would be required to send Form 1099-NEC.  Since you are not in business, you do not need to file a 1099 of any kind.  

[Esteban5]

Many thanks Alicia, been reading so much and was still confused.