rjs
Level 15
Level 15

Get your taxes done using TurboTax

As you have seen, all the information from the IRS is old and has not been updated. Since Form 1099-NEC is basically replacing 1099-MISC box 7, I'm assuming that everything the IRS said in the past about 1099-MISC box 7 now applies to Form 1099-NEC. Honda seems to have made the same assumption. There's no reason that the procedures would have changed. This is a very obscure provision, and obviously doesn't get a lot of attention from the IRS. They are overloaded with last-minute and retroactive major changes in the tax laws, and probably don't have the manpower to deal with the effect of a form change on a little-used procedure.


I suggest that you go ahead and file the way that I outlined. The worst that can happen is that you get a computer-generated letter from the IRS. That could happen anyway, even with a 1099-MISC in previous years, as I said in my earlier post. Your reply to the letter will get reviewed by a person, not a computer, and the person will straighten it out.