@Txpyr wrote:
We are a business, owning rental real estate. Contractors performed construction on our real estate.
If you pay more than $600 in a year for services performed for your business, you must issue a 1099-NEC in most cases. Start by issuing each vendor a W-9 form to report their tax number. (You shouldn't agree to pay anyone until you get the form so you don't have problems later.)
https://www.irs.gov/pub/irs-pdf/fw9.pdf
If the company indicates they are an S- or C-corporation, you don't issue a 1099-NEC. You do if they indicate they are a sole proprietor, single member LLC, partnership, or other LLC that is not designated as an S or C corp.
