When a 1099 is required

[Julie DeStefano]

I'm trying to get some clarity on when you need to file a 1099.  I was under the impression that any time you hire a contractor for an investment property and pay $600 or more you must file a 1099, but I came across the below information. So, if you are a self-managing property owner, no need to file 1099’s for contractors regardless of amount paid?

Self-managing rental property owners were once required to report the money they paid independent contractors for services on their own property as recently as 2009. At the time, the Affordable Care Act required rental owners to report 1099-MISC income paid to service providers in relation to the rental property. A year later (in 2010), the Small Business Jobs Act and the Health Care Reform Bill added some clarity to the filing process. However, the reforms didn’t last long, and by 2011 it was no longer necessary for private landlords to file Form 1099-MISC to vendors for work related to their own rental property. Private landlords, do however, need to provide property managers or property management companies with a Form W-9.

These are two different articles I found with this information.  

Scroll all the way down to 1099 REQUIREMENTS FOR RENTAL OWNERS:
https://www.rentecdirect.com/blog/1099-nec-and-1099-misc-changes-and-requirements-for-property-management/

Also found it here:
https://www.fortunebuilders.com/1099-misc-for-rental-property-owners/