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Level 1
December 27, 2025
Question

Do I have to file 1099-NEC?

  • December 27, 2025
  • 3 replies
  • 1 view

I flipped a house without a company. In toehr words I flipped a house as an individual. I hired a contractor to remodel the house? Do I have to issue him a 1099-NEC form? Thanks a lot!

    3 replies

    Level 15
    December 27, 2025

    As an independent contractor you would issue a 1099-NEC  for payment greater than $600 for services related to your business unless the payee is a corporation. 

    VolvoGirl
    Level 15
    December 27, 2025

    No.  Not if you are just an individual.   Only if you have a business or are self employed.  

    Level 15
    December 27, 2025

    The issue is whether the IRS considers that you flipped the house with the intent of making a profit. If so, you are in business and would generate the 1099-NEC. It doesn’t matter that you are an “individual”.