Get your taxes done using TurboTax

ThomasM125 · ‎February 13, 2023

The instructions for form 1099-NEC say that you are required to issue a form 1099-NEC to anyone not paid as an employee who provided services in the course of your business that totalled more than $600 for the year, and specifically to a lawyer. It is intended for small business owers as opposed to large companies. You are technically in business if you own a rental property, so the safe thing to do would be to file the 1099-NEC form.

The managemet company should issue you a form 1099-MISC to report your rental income, as the reporting requirements for that form are similar to that of the form 1099-NEC.

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