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AceBaut
Returning Member

1099NEC vs 1099 MISC

My property manager sent me a 1099NEC for total rents received. Shouldn't he be sending me a 1099 MISC instead?

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1 Reply
Vanessa A
Employee Tax Expert

1099NEC vs 1099 MISC

Yes, rental income and royalties should be reported on the 1099-MISC. The 1099-NEC is for payment of services. 

 

You can ask him to make a correction and retract the 1099-NEC and issue the 1099-MISC. 

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