I have a house that's been rented for 10 years. I decided to sell the house after my last tenant destroyed it. I had to do all kinds of repairs and renovations for at least 5 months before I put the house for sale. Do I have to complete Form 1099-NEC for those independent contractors who did the work in the house before I sold it? In theory, I was not in the business of renting the house in those 5 months, was I? Thank you for your help!
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If you are only a landlord and not in the business of renting properties, then you do not need to give any contractor or company that provided a service to rental property a Form 1099-NEC.
Good to know. Thank you!
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