We every year receive only Form 1099-MISC. We never get Form 1099-NEC. But when we do our smart check we get an error i.e :
Non employee Compensation Work Sheet.
What can we do. Y. Mhatre
This year Form 1099-NEC replaced Form 1099-MISC box 7 non-employee compensation used previously. If you have previously received Form 1099-MISC with box 7 checked for non-employee compensation, you may need form 1099-NEC to properly report this income this year.
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