I don't see an option to report NEC payments on the 2020 Form 1099-MISC, how do I report NEC payments?
863 views | Last modified 12/31/2021 1:31:21 AM EST

Applicable To
94X 1099 W-2 ACA W-4

For the 2020 tax year, the IRS reintroduced the Form 1099-NEC with the sole purpose of reporting nonemployee compensation. This means going forward nonemployee compensation is no longer reported in Box 7 of Form 1099-MISC

From the tax year 2020 on, the IRS requires all nonemployee compensation to be reported on Form 1099-NEC only. 

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