I am trying to move from the house I own to renting.
I am confused by the above statement. The only thing I know for sure, is that you actually own what is right now, your primary residence.
So are you moving out of this primary residence and into another property that you do not own?
Or are you referring to converting your primary residence from personal use, to a rental property?
This is the first yr that I have not worked,
Are you referring to the 2020 tax year for your 2020 tax return? Or are you referring to 2021? I would assume you are referring to 2021. But my assumptions are almost always wrong.
am able to profit from my self employment.
What kind of business do you own? A sole proprietorship? Single member LLC? Multi-Member LLC? S-Corp? C-Corp? Something else? This can really matter, big time. It also may (or may not) matter big time, if you are married and live in a community property state.
I am being asked for a 1099 for proof of income and I am confused.
Being asked by whom? For what purpose?
Not everyone is ok with a profit and loss statement.
That very well may be. But who or what entity is "everyone" is your specific case?
Please can someone direct me on how to show proof of income???
Assuming you have a separate bank account for the business, bank statements over the last year or more will almost always suffice.
I've ran into situations with bank loan officers that, when it comes to taxes, they don't have a clue. If that occurs, don't play games with the loan officer. Work your way up to the bank manager if necessary. If the manager is just as clueless, take your loan needs elsewhere.
