You would fill out a 1099-NEC if you paid at least $600 during the year. You are required to send Form 1099-NEC to vendors or sub-contractors during the normal course of business you paid more than $600, and that includes any individual, partnership, Limited Liability Company (LLC), Limited Partnership (LP), or Estate.
- 1099-NEC. Businesses will now file Form 1099-NEC for each person in the course of the payor’s business to whom they paid at least $600 during the year. This payment would have been for services performed by a person or company who IS NOT the payor’s employee. (Instructions to Form 1099-NEC)
- 1099-MISC. Other payments over $600 that a payer makes in the course of the payer’s business for things such as rent, prizes and awards, or “other income payments” are reported on Form 1099-MISC.
