I don't see an option to report NEC payments in 2020 Form 1099-MISC, how do I report NEC payments?
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Last modified 7/16/2020 9:19:07 AM EST
Applicable To
94X
1099
W-2
ACA
W-4
Due to the release of new Form 1099-NEC by IRS, you cannot report your NonEmployee Compensation in Form 1099-MISC as earlier. Instead, you can use the new IRS Form 1099-NEC to report your NEC payments from the Tax Year 2020.
In TaxBandits, you can E-file your Form 1099-NEC to the IRS quickly and efficiently. Click here to know how you can complete your Form 1099-NEC.