turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

When and How Must Landlord’s Create 1099-NEC?

I own two rental houses, pay for all sorts of expenses that exceed $600/yr.  E.g. lawn service - $100/month;  $1,200 per yr.  Another example would be a painter I paid $1,500 during my last vacancy.  I pay both in cash or check, get hand written receipts.  Do I really need to generate a 1099-NEC for these guys? I don’t have an SS# or TIN for either (probably don't want to give it to me). Does every landlord generate this 1099 for every person they pay over $600/yr?

 

Related TurboTax question: when entering Rental (Sched E) info, one question is “Did you Pay Anyone $600 or More…”.  I click “Yes, I paid for work …”.  Then I click “No, I did not issue 1099’s”.  Then Continue.  So far, seems OK (those responses are factual).  But have I set off an audit alarm?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

When and How Must Landlord’s Create 1099-NEC?


@FlyFisher99 wrote:

Does every landlord generate this 1099 for every person they pay over $600/yr?


Only if your rental real estate activity rises to the level of a trade or business (which is not typically the case) or if you are interested in getting the QBI deduction.

 

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

 

Other than the foregoing, 1099 reporting is not required.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question