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Level 1

Solved

Issue person 1099-nec

Forum|Forum|5 years ago
January 21, 2021
5 replies
51 views

how do i report that i paid someone for work to the irs

TurboTax Self Employed Online

Best answer by Anonymous_

Log in with your account credentials.

See https://quickemployerforms.intuit.com/faq.htm#WhySignIn

Anonymous_Answer

Level 15

Log in with your account credentials.

See https://quickemployerforms.intuit.com/faq.htm#WhySignIn

Level 2

do use 1099-nec for a bookkeeper?

Level 5

are individuals or living trusts required to issue 1099s to individuals and companies for work associated with rental property?

Alumni - Intuit

Beginning in 2020, the IRS has changed the method of reporting Non-Employee Compensation, which used to be reported in Box 7 of the 1099-MISC. It is now reported on Form 1099-NEC.

Regardless of your entity type (individual, trust, partnership, etc.) you must file a Form 1099-NEC, Nonemployee Compensation, for each person in the course of your business to whom you have paid the following during the year at least $600 in:

1. Services performed by someone who is not your employee (including parts and materials) (box 1); or

2. Payments to an attorney (box 1).

2021 Instructions for Forms 1099-MISC and 1099-NEC:

Level 5

the key words in the reply are, "your business." If the rentor (i.e., the owner) has a single, residential property, it is NOT considered a business. Therefor, no 1099s are required.