1099-NEC and 1099-MISC for rental property

[anilj]

I purchased a home last year for rental. 

I am bit confused with the 1099-NEC/MISC filing requirement. I think this is not required because my rental is not a "trade or business" and thus am not taking a QBI on it.

Is that a correct assumption? What is really considered a trade or business?

This is my one and only single family home rental. I bought it to live at but instead am now have it as a rental for 2020 tax year.

[anilj]

Answering my own question...

Seems like the answer is NO to QBI:

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-get-the-qbi-deduction-on-rental-...

"Passive rental activities that are not considered a trade or business

• For example, a single-family dwelling rented out for a year or more in which there is little or no interaction between the landlord and the tenants other than periodically collecting rent and the occasional repair"

[npierson7]

You are not receiving Qualified Business Income Deduction because rental properties are usually treated as passive activities, and passive activities are excluded from the definition of a qualified trade or business.