theprof07
Level 1
02-29-2024
02:28 PM
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Let's say I'm renting out two different properties as a sole proprieter. They are treated as separate businesses, as in the QBI forms. If I have a sole proprieter contractor perform over $600 of work during the year on both properties, should they be issued separate 1099-NEC forms for each property, or can they be issued a single form? Relatedly, if the contractor performs $300 or work on each property, does that put them over the $600 threshold for being issued a 1099-NEC form?
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