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Investors & landlords
OK, I too am confused by this response.
So if we use an "Incorporated" Business to do repairs, we do NOT need to send the company/person a 1099-NEC ? I assume these are businesses that have Business Licenses to operate? So How about this example: We use a Gardening person to cut the grass at our Rental. Pay him $70/month over 12 months = $840 for the year. I have receipts from paying him. But He is NOT incorporated, just a regular service he does for many owners. Am I required to send HIM a 1099-NEC ?
ā€ˇFebruary 7, 2022
8:40 AM