topic 1099-MISC or 1099-NEC in Business & farm

1099-MISC or 1099-NEC

Txpyr — Mon, 23 Feb 2026 10:40:32 GMT

I have paid compensation work performed by LLC (NON-corporation) construction contractors in 2022. Which form must I file: 1099 Misc, or 1099 NEC, or do I need to file anything?

Re: 1099-MISC or 1099-NEC

Opus 17 — Thu, 19 Jan 2023 21:30:05 GMT

You are a business, and people worked for you? Or are you a subcontractor asking how to file a tax return?

Re: 1099-MISC or 1099-NEC

Txpyr — Thu, 19 Jan 2023 22:29:00 GMT

We are a business, owning rental real estate. Contractors performed construction on our real estate.

Re: 1099-MISC or 1099-NEC

Opus 17 — Thu, 19 Jan 2023 22:52:40 GMT

@Txpyr wrote:

We are a business, owning rental real estate. Contractors performed construction on our real estate.

If you pay more than $600 in a year for services performed for your business, you must issue a 1099-NEC in most cases. Start by issuing each vendor a W-9 form to report their tax number. (You shouldn't agree to pay anyone until you get the form so you don't have problems later.)

https://www.irs.gov/pub/irs-pdf/fw9.pdf

If the company indicates they are an S- or C-corporation, you don't issue a 1099-NEC. You do if they indicate they are a sole proprietor, single member LLC, partnership, or other LLC that is not designated as an S or C corp.

Re: 1099-MISC or 1099-NEC

Txpyr — Thu, 19 Jan 2023 23:06:52 GMT

Thank you so much!

In both cases they are Single Member/ LLCs. HOWEVER, one of the contractors provided a SSN (not an EIN) and their business name and turbotax Quick Employer Forms will only allow me to input an individual name (not a business name) when I select SSN.

How should I proceed? Should I put their business name in the First and/or Last Name box??

Re: 1099-MISC or 1099-NEC

Opus 17 — Fri, 20 Jan 2023 00:02:57 GMT

@VolvoGirl do you have a suggestion?

Re: 1099-MISC or 1099-NEC

AbrahamT — Tue, 24 Jan 2023 18:47:55 GMT

In that case, you would put their first and last name along with their ss#, not the business name.