Yes, you generally need to send a 1099-NEC form if you paid an established business more than $600 for services, including plumbing and electrical work. Here’s what you need to know:
- Form 1099-NEC: This form is used to report nonemployee compensation. If you paid $600 or more to a business for services, you must issue this form
- Using TurboTax: TurboTax allows you to create and file 1099 forms. You can do this by:
- TurboTax Online
- Go to the Quick Employer Forms site.
- Sign in and follow the instructions to create forms.
- TurboTax Desktop
- To access existing Quick Employer Forms:
- Go to the Quick Employer Forms site and sign in.
- On the My Businesses page, select the name of the business you're working on.
Note 1099 prep - Available in TurboTax Premium (formerly Self-Employed) and TurboTax Live Assisted P...
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