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Investors & landlords
Thanks for your reply but, based upon your response, I may not have been clear enough in my original posting. Let me attempt to clarify. My wife and I are the owners of the rental property, it is the only rental we have and not a significant source of income for us (the rent payments just barely cover the mortgage payments) since I have a regular 9 to 5 job elsewhere. Which repairs and improvements needing to be done to the rental in 2020, we paid other companies to do things like install an A/C system, paint the house and repair the roof. I did not receive any money or 1099-NEC forms for this work nor did I create 1099-NEC forms for any of the companies that did the work for us since all the jobs (all over $600) were performed by registered companies. My question was, as all the jobs that I had those companies perform were over $600, do I need to create forms 1099-NEC and provide them to those companies that did the work? It sounds unusual that I would need to do so but wanted to confirm. Thanks.