It is best to send out the 1099's right away because the deadline is so close but you don't have to do it before you start your taxes.
The 1099 must be given or mailed to the contractor by January 31. If you file through snail mail, you must mail Form 1096 and Copy A of each Form 1099 to the IRS no later than February 29; if you're filing electronically, the forms must be sent out by March 31.
TurboTax will e-file the 1099s and 1096 for you, IF you used Quick Employer Forms. The easiest way to produce and file1099’s and the 1096 is to use Quick Employer Forms. Quick Employer Forms helps small business owners like yourself quickly and easily create W-2, 1099-MISC, 1099-INT, and 1099-DIV forms.