You'll need to sign in or create an account to connect with an expert.
What did you pay the contractor for? Are you self-employed? Just because you pay someone an amount of money, does not mean it's deductible. it depends on what you paid for, and why.
That is Contract Labor on Schedule C line 11.
How to enter Contract Labor
https://ttlc.intuit.com/community/entering-importing/help/how-do-i-enter-contract-labor/00/27407
Re: What form do i use to send to a contractor i paid money to do rental repair work last year ?
I paid 2 contractors over $2500 for repairs to my rental property. Do i need to send them a 1099-NEC form ?
I paid 2 contractors over $2500 for repairs to my rental property. Do i need to send them a 1099-NEC form ?
Possibly, IRS Instructions for Forms 1099-MISC and 1099-NEC on pages 7 and 8 state:
File Form 1099-NEC, Nonemployee Compensation, for each person in the course of your business to whom you have paid the following during the year.
At least $600 in:
and
Trade or business reporting only
Report on Form 1099-NEC only when payments are made in the course of your trade or business. Personal payments are not reportable.
and
Independent contractor or employee
Generally, you must report payments to independent contractors on Form 1099-NEC in box 1.
@Feelinggood957
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
crc414
New Member
wmj145824
New Member
jadenicole316
New Member
khalilbrown44
New Member
A2M1R
New Member