Yes, you can deduct your booth rental even if you didn't issue a 1099 to the person or company that you paid. If you paid them electronically, you don't have to issue the 1099-NEC at all.
The IRS says you should file Form 1099-NEC for each person in the course of your business to whom you have paid at least $600 during the year:
- Who isn't your employee.
- Who you paid for services in the course of your trade or business.
- You made the payment to an individual, estate, or, in some cases, a corporation.
However, you don't usually report payments made to C or S Corporations unless they are:
- Attorneys' fees reported inbox 1.
- Payments by a federal executive agency for services (vendors) reported inbox 1.
Payments made with a credit card, or other electronic payment system aren't subject to reporting on Form 1099-NEC. Follow this link for more details about Form 1099-NEC.
For your future reference, if you pay someone whom you need to issue a 1099-NEC or 1099-MISC, ask them to fill out a W-9 prior to paying them.
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