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91
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30
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Jason Sung
  • Investor
  • Dallas, TX
30
Votes |
91
Posts

How to issue 1099-NEC to a GC

Jason Sung
  • Investor
  • Dallas, TX
Posted

HI, I started my first rehab in 2022 Sep and paid almost half of total rehab estimate to a general contractor (GC). I bought the property with cash under me and my wife's name. 

I am trying to use Turbo Tax for tax filing. I got W9 from the GC. I am about to make 1099-NEC (I have not done it before). I found people recommend to use https://www.tax1099.com and trying. When I create my profile in the website, it asks me my business name. Should I have a business to use the website? (I did form an LLC in 2022 but do not have any activity since its creation. I am not sure if I should use that LLC's name when I try to issue 1099 for my GC. Would appreciate any advice.

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