Filing a 1099 for a contractor working on a property owned by my 401k

Do I need to get a tax ID from a contractor working on a property in my 401k so that I can file and submit 1099 to the IRS?

Answer:

According to the IRS if you pay independent contractors, you have to file Form 1099-MISC, Miscellaneous Income, to report payments for services performed for your trade or business. 401k is not considered your trade or business but we suggest that you confirm with your CPA regarding filing requirements.