topic Do I need to prepare a 1099-NEC if I paid a contractor $4465? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/do-i-need-to-prepare-a-1099-nec-if-i-paid-a-contractor-4465/01/2530477#M906842 Mon, 09 Mar 2026 04:41:46 GMT dancer12348 2026-03-09T04:41:46Z Do I need to prepare a 1099-NEC if I paid a contractor $4465? https://ttlc.intuit.com/community/taxes/discussion/do-i-need-to-prepare-a-1099-nec-if-i-paid-a-contractor-4465/01/2530477#M906842 Mon, 09 Mar 2026 04:41:46 GMT https://ttlc.intuit.com/community/taxes/discussion/do-i-need-to-prepare-a-1099-nec-if-i-paid-a-contractor-4465/01/2530477#M906842 dancer12348 2026-03-09T04:41:46Z Re: Do I need to prepare a 1099-NEC if I paid a contractor $4465? https://ttlc.intuit.com/community/taxes/discussion/re-do-i-need-to-prepare-a-1099-nec-if-i-paid-a-contractor-4465/01/2530495#M906852 <P>Probably Yes; Any amount over $600 to a Person. Not required if a Company, and ou have their tax ID ...</P> Mon, 28 Feb 2022 06:13:54 GMT https://ttlc.intuit.com/community/taxes/discussion/re-do-i-need-to-prepare-a-1099-nec-if-i-paid-a-contractor-4465/01/2530495#M906852 Rainman12 2022-02-28T06:13:54Z Re: Do I need to prepare a 1099-NEC if I paid a contractor $4465? https://ttlc.intuit.com/community/taxes/discussion/re-do-i-need-to-prepare-a-1099-nec-if-i-paid-a-contractor-4465/01/2530536#M906871 <P>not required if the business files a corporate return., for individuals and unicorporated businesses the answer is yes even if you have their tax ID number.&nbsp; the fine is $50 per occurance.&nbsp; you would be late in issuing the form if required. it shoulkd have been out by 1/31.</P> <P>&nbsp;</P> Mon, 28 Feb 2022 07:14:34 GMT https://ttlc.intuit.com/community/taxes/discussion/re-do-i-need-to-prepare-a-1099-nec-if-i-paid-a-contractor-4465/01/2530536#M906871 Mike9241 2022-02-28T07:14:34Z