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Do I use 1099-MISC or 1099-NEC to report office rental payments to someone?
I'm self-employed and in the past I created 1099-MISC forms for rental payments for an office. I would use TurboTax Quick Employer Forms to generate these forms. I'd give a copy to the Landlord and file a copy with the IRS. In the past, there was also a 1096 form along with it.
According to current guidelines, should I create a 1099-MISC or create a 1099-NEC form? I'm not clear on what is for what. And what about the old 1096 form? Is that still in play these days?
Cheers
According to current guidelines, should I create a 1099-MISC or create a 1099-NEC form? I'm not clear on what is for what. And what about the old 1096 form? Is that still in play these days?
Cheers
Topics:
‎January 4, 2023
12:47 PM