Occams Razor
Returning Member

Investors & landlords

1. Do you need to fill this form with Red Colour ink?  Do not fill out with red ink because it may not be scannable.  Only use black ink.  Also do not fill out the first form that is in the light pinkish orange color.  Here are the instructions for the form:  https://www.irs.gov/instructions/i1099mec


2. You print out this form with Red Colour and mail it to IRA?  I fill the PDF version directly on my computer and then print in black ink.   There are 4 printable forms.   Copy C goes to the IRS and Copy 1 goes to your state if required.   Copy B and Copy 2 are mailed to the recipient (the person you paid).  You should also send them the instructions for Recipient.

 

3. How to file this form to IRA electronically outside of TT?  I've been mailing my 1099-NEC's to the IRS for the last couple of years.  This year I will probably send electronically.  Here is the site for e-filing through the Information Returns Intake System (IRIS):  https://www.irs.gov/filing/e-file-information-returns

 

Randy