in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
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If the remodeling was done on your personal home, you do not issue a 1099-NEC or any other kind of 1099. Form 1099-NEC is only for payments made by a business, not for personal payments. Your contractor is confused and doesn't understand the tax rules. He does not need a 1099 from you, and you are not supposed to issue a 1099. Tell the contractor to consult his accountant or tax professional. (If he doesn't have a tax professional, he needs one.)
If the work was done on a rental property that you own, you probably do have to issue a 1099. But since you called yourself a homeowner, I assume that you are not talking about a rental property.
As you are a private individual and not a business, you are not required to issue him a form 1099-NEC.
Your contractor can report his income without a form 1099-NEC.
Wow thanks for the fast reply Mihn, that really helps. Take care and HAGW! Your friend, Rich
Okay Champ, thanks for the reply, it helped alot, and I informed the knucklehead contractor too.
Take care. Your friend, Rich
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