I paid my business partner to sell my shares at a business. I need to issue a 1099 ?? for his efforts, correct. Which 1099 ?? do I need to file?

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I paid my business partner to sell my shares at a business. I need to issue a 1099 ?? for his efforts, correct. Which 1099 ?? do I need to file?

What were the exact circumstances?

1099s are for trade or business reporting.

See https://www.irs.gov/instructions/i1099mec#en_US_2022_publink1000276527

You may need to file a 1099-MISC (Box 3) or 1099-NEC depending upon the nature of the service provided.

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