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Get your taxes done using TurboTax
@gres22 wrote:
Thanks, but can I issue a 1099-NEC just being a homeowner?
The contractor is responsible for reporting his income to the IRS.
Since you are a homeowner and not a business, you are not required to issue a Form 1099-NEC.
IRS Form 1099-NEC instructions page 7 - https://www.irs.gov/pub/irs-pdf/i1099mec.pdf#page=7
Trade or business reporting only. Report on Form 1099-NEC only when payments are made in the course of
your trade or business. Personal payments are not reportable.
‎August 17, 2024
2:12 PM