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Level 3
posted Aug 24, 2020 11:54:24 AM

S-Corp received 1099-MISC Box 7 instead of 6

S-corp (medical physician) received 1099-misc from law firm with box 7 (NEC) filled instead of box 6. Since this was issued to an S-corp, is it an issue and should it be corrected? Even if the amount reported is included in income for the S-corp?

 

Thanks.

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1 Replies
Level 15
Aug 24, 2020 3:16:08 PM

It is not an issue ... income is income no matter which box it is reported in.