Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Aug 31, 2022 3:23:21 PM

1099NECs for my subcontractors IF they will be getting 1099Ks from a cash ap?

0 1 538
1 Replies
Expert Alumni
Aug 31, 2022 3:41:04 PM

Yes you will have to issue a 1099-NEC because CashApp doesn't issue 1099-K

 

If you paid you sub-contractors via PayPal/Venmo (as a business), you do not have to issue the sub-contractor a 1099-NEC. PayPal/Venmo is considered a third-party merchant and they are required to issue their own 1099 forms, called a 1099-K