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February 20, 2025
Question

1099NEC vs 1099 MISC

  • February 20, 2025
  • 1 reply
  • 0 views

My property manager sent me a 1099NEC for total rents received. Shouldn't he be sending me a 1099 MISC instead?

    1 reply

    February 20, 2025

    Yes, rental income and royalties should be reported on the 1099-MISC. The 1099-NEC is for payment of services. 

     

    You can ask him to make a correction and retract the 1099-NEC and issue the 1099-MISC. 

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