1099-MISC Box 7

taxmom4 · ‎February 6, 2021

I am trying to enter information from a 1099-MISC form and they put the amount earned in box 7 "nonemployee compensation". When I go to enter this in box 7 does not come up and when I click the "?" it states "If you have info in box 7, you might have to report income from this sale in the "Business Income and Expenses" section." Where is this section and how do I report this income?

macuser_22 · ‎February 6, 2021

The 1099-MISC with box 7 does not exist for 2020. It has been replaced with the new 1099-NEC.

There is no 2020 1099-MISC with a box 7, it you got one it cannot a 2020 form.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

VolvoGirl · ‎February 6, 2021

@macuser_22 Yes 2020 1099Misc has box 7. It is now for Direct Sales of 5,000 or more.

https://www.irs.gov/pub/irs-pdf/f1099msc_20.pdf

macuser_22 · ‎February 6, 2021

@VolvoGirl wrote:

@macuser_22 Yes 2020 1099Misc has box 7. It is now for Direct Sales of 5,000 or more.

https://www.irs.gov/pub/irs-pdf/f1099msc_20.pdf

That is just a check mark, not a dollar amount.

The poster specifically asked about "non-employee compensation".

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

taxmom4 · ‎February 6, 2021

Thank you! That fixed my issue...they just texted me the information as I was doing my taxes now and didn't want to wait for the form and I assumed it was the same 1099-MISC not the new 1099-NEC.

1099-MISC Box 7

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