I've noticed that TurboTax Premier asks if I've submitted a 1099-MISC for the contracted work; however, there are no followup questions. Should I file the 1099-MISC with the IRS on my own taxes, or through some other interface? Thanks.
No, as you are not required to file Form 1099-MISC with the IRS for any rental property independent contract work that was done.You will still include the amount you paid the independent contractor on your rental return Schedule E as a rental expense, but you do not need to file form 1099-MISC with the IRS.
You are not required to file a 1099-MISC form for independent contract work that was done for your rental property, as long as you are not a real estate professional.
If you rent out a house or apartment, you may worry that you have to send 1099s to contractors you hire to work on that house or apartment. A clause in the 2009 Affordable Care Act said that when you own a rental, you send a 1099-MISC to anyone who billed you more than $600 for work on the property. That rule was repealed, but the old information is still out there in cyberspace, adding to the confusion. Unless you're a real-estate professional, you're safe, and you don't have to file the 1099 for that work.
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