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glamisgirl_89
March 15, 2025
Question

Am I required to send a 1099 to contactor on rental property if paid by venmo $3620.00?

  • March 15, 2025
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    1 reply

    DawnC
    DawnC
    Employee
    March 15, 2025

    Not for passive activity rentals.   If the activity rises to the level of a trade or business, the basic rule is that you must file a 1099-NEC form with the IRS if you pay an unincorporated independent contractor $600 or more during a year for rental-related services.

     

    If you are a landlord and are not in the business of property rentals you are not required to issue a Form 1099-NEC to any independent contractor or a service company employee who performs a service on the rental property.

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