why does TT say I may need to complete a form 1099-NEC for work done on my rental property. My rental is passive investment income, not a business.

MY rental property has always been investment income and not eligible for QBI. Do I need to issue 1099-NEC to an LLC that did some work on my rental?

posted

As a landlord, assuming you are not in the rental property business, you are not required to issue a Form 1099-NEC to anyone who provided a service on the rental property you own.

DOING MY CA STATE TAXES AND TURBOTAX STEP-BY-STEP SAYS MY FEDERAL "GAIN FROM PROPERTY NOT HELD FOR INVESTMENT" IS $X. WHERE CAN I FIND THIS NUMER ON MY FEDERAL RETURN?

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

why does TT say I may need to complete a form 1099-NEC for work done on my rental property. My rental is passive investment income, not a business.

why does TT say I may need to complete a form 1099-NEC for work done on my rental property. My rental is passive investment income, not a business.

Get more help

Do you have a TurboTax Online account?

why does TT say I may need to complete a form 1099-NEC for work done on my rental property. My rental is passive investment income, not a business.

Do you have an Intuit account?

why does TT say I may need to complete a form 1099-NEC for work done on my rental property. My rental is passive investment income, not a business.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert