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Get your taxes done using TurboTax
It has been my understanding that we shouldn't send a 1099 when a contractor is paid by credit card. The credit card processor is responsible for issuing a 1099-K.
I looked this up to verify and found these:
https://www.ericnisall.com/sending-1099-nec
https://www.irs.gov/payments/payment-card-transactions-faqs
Thanks.
‎February 9, 2021
8:19 AM