AmyC
Expert Alumni

Get your taxes done using TurboTax

You must send the form if you meet the requirements.

 

Begin with the IRS, Instructions for Forms 1099-MISC and 1099-NEC, Miscellaneous Income and Nonemployee Compensation,

 

This takes us to Box 1 on page 10 which states:

What is NEC? If the following four conditions are met, you must generally report a payment as NEC.

• You made the payment to someone who is not your employee.

• You made the payment for services in the course of your trade or business (including government agencies and nonprofit organizations).

• You made the payment to an individual, partnership, estate, or, in some cases, a corporation.

• You made payments to the payee of at least $600 during the year. 

 

 

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