Do I need issue 1099 NEC to property manager for short term rental management

[snowflower27]

I have a property that was used as short term rental in 2022 (airbnb). The property was managed by a property manager. Every month, I paid him property management fee, cleaning fee, and any repair fees. the total payment to property management is more than $3000. Am I required to issue a 1099 NEC to the property management? Is there any other form I need to fill?

[JohnB5677]

Perhaps, these are the guidelines for issuing a 1099-NEC.

• If the business you paid is a C corporation or S Corporation, then a 1099-NEC is not needed.
• Anyone else that you paid a combined total of $600 in one year for services must be issued a 1099-NEC.   
• Payments for products and materials should not be included in the computation of the payments.

In TurboTax Self-Employed and TurboTax Self-Employed Live

1. Sign into TurboTax.
2. Select Tax Home from the left menu (you might already be there)
3. Scroll down and select Your account.
4. Select Create W-2s and 1099s.
5. This will log you into Quick Employer Forms.
6. Follow the instructions to create your forms online.