I am managing a farm through a Revocable Living Trust. I have used and paid invoices during the 2025 tax year for legal services/advice and farm appraisal fees. Both invoices significantly exceeded the $600 threshold. Both companies are well established businesses.
As a manager of the trust do I fill out the 1099-NEC or do they. Since they are well established businesses can I just claim the legal and appraisal expenses on the trust tax forms as a cost of doing business. If a 1099-NEC is needed, I guess one needs to obtain their EIN # for the form. Correct?
