I have TTAX Business installed. I have 2 questions that are really confusing me.
- When going thru the prompts to create a 1099-NEC, the initial screen prompts for the various forms to create. One of them is a W-2 .. I need 1099-NEC because I pay a gardener > $600 for services at our rental. Personally I don't consider him an "employee", but apparently for Sched E, the IRS does. Do I REALLY need to send him a W-2 along with the 1099-NEC? I also used a Tree service to cut down a tree that cost $900. One time. Does HE need a W-2 also along with a 1099-NEC ?
- Lastly, I created a EIN on the IRS web site (because TTAX wouldn't allow me to create a W-2 without one). I created it as a "Partnership (sched E)" .. Was that the correct way, given that it's myself & my Spouse as co-owners of rental property? Although only 1 of our name(s) is used to create the EIN ?
