I received 1099-LTC from my Insurance. Do I need to issue 1099 MISC or NEC to the aide that I paid these money? If not, how do she I will report it on taxes?
Thank you . IRS site states that : File Form 1099-NEC, Nonemployee Compensation, for each person in the course of your business. Its still ok to use it as a person to person?
RobertB4444
Expert Alumni
Feb 13, 2025 1:13:23 PM
Yes. If you as an individual are issuing the 1099s to another individual then that is how you would report it.