Is Form 1099-NEC Required for Remediation Work

[sflaumen]

Last year I had to hire a company to remediate and renovate my condo rental property for flood damage caused by another neighbor. I received reimbursements from insurance companies.
Do I need to send form 1099-NEC to the company I had for the work on the condo?
If so, do I limit the amount paid to only what was paid in 2022?

[AliciaP1]

No, you are not required to send a 1099-NEC in this case unless your rental company also does renovation work.

Per the IRS:

File Form 1099-NEC for each person in the course of your business to whom you have paid the following during the year:

• Services performed by someone who is not your employee (including parts and materials)
• Cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish
• Payments to attorneys (including law firms or other providers of legal services)

[sflaumen]

I don't have a rental company. Just own a condo that I rent out. Thanks for the reply!

[AliciaP1]

Ok.  If you are not running a business you are not required to file any 1099 forms regardless of who you are paying.

@sflaumen