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January 25, 2023
Question

Do I need to create a 1099 for $606 paid for services for my business? Instruct. line 11 Sched C suggests it. True?

  • January 25, 2023
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1 reply

January 25, 2023

Yes. You have to issue a form 1099-NEC to your contractor, except when paid to a corporation or paid with a credit card.

 

Please read this IRS document for more information.

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