1099-NEC Do I have to file one and who for

[ihikaru]

I have a small retail company. We have services done by a cleaning company. We also have one of the buildings on our property that we rent out and use a Property Management company to take care of all aspects of the rental.

My question is do we have to file a 1099-NEC for the cleaning company of our retail space and one for the management. There is a lot of confusing information on the internet that contradicts each other on this. 

Any help would be apreciated.

[JohnB5677 · Accepted solution]

These are the guidelines for issuing a 1099-NEC.

• If the business you paid is a C corporation or S Corporation, then a 1099-NEC is not needed.
• Anyone else that you paid a combined total of $600 in one year for services must be issued a 1099-NEC.   
• Payments for products and materials should not be included in the computation of the payments.

In TurboTax Self-Employed and TurboTax Self-Employed Live

1. Sign into TurboTax.
2. Select Tax Home from the left menu (you might already be there)
3. Scroll down and select Your account.
4. Select Create W-2s and 1099s.
5. This will log you into Quick Employer Forms.
6. Follow the instructions to create your forms online.