KrisD15
Expert Alumni

Get your taxes done using TurboTax

No, you do not need to apply for an EIN to report the rental income.

No, in your situation, you will not need to issue a 1099 for the work you had done on your residential rental.

 

There is a little bit of controversy on this subject, but the bottom line is that only Business Owners are required to obtain a W-9 from their sub-contractors (W-9 is a form where the sub-contractor gives the contractor their EIN) and then file a 1099-NEC for payments made over the filing threshold. 

 

IF the rental is reported as a business, such as Commercial Rentals, this requirement would be in force, but as passive income reported on Schedule E, there is no such requirement. 

 

Click this link to read more.

 

@Sandy405

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