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1099-MISC rejected by IRS
I am a farmer who files a schedule F. I have used Turbo Tax and Quick Employer Forms for many years. I have always send my land lords a 1099-MISC for my land rent payments printed in box 1 "Rents". I just received an e mail back from Quick Employer Forms that the IRS rejected the 1099-MISC and I am now to use 1099-NEC. It further explains that non-employee compensation must be reported on 1099-NEC. This is confusing because 1099-MISC box 1 "Rents" says specifically rents. Any ideas?
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‎January 18, 2021
7:42 PM