Wilson, a sole proprietor, painted Bob's rental property this year. Bob paid him $750 for painting the rental property. What should Bob do to properly account for this payment to Wilson?

a) Bob doesn't need to do anything except pay Wilson.

b) Issue a Form 1099-NEC to Wilson to report the $750 payment.

c) Make one payment of $300 and one of $450 to avoid filing a Form 1099-NEC.

d) Issue a W-2 form to Bob at the end of the year.