- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Just because you don't have qualified business income (QBI) does not mean you are not a business for form 1099-NEC purposes. A rental engaged in for profit would be considered a business, so it would be wise to issue the form 1099-NEC.
The question regarding the $600 payment to a subcontractor is in the Business Profile section, which you will see when you go to review your rental property entries.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 15, 2023
4:25 PM