dan_2134
New Member

Deductions & credits

@lynnscott132 

Thanks for your insights. Like your husband, I also received a 1099-NEC for my volunteer firefighter annual stipend (total $800). Do you have any reference material to further explain why a 1099-MISC should have been used instead of the 1099-NEC? I'm trying to gather as much research as possible before I go to our government trustee to question how things are being handled.

From playing around a bit with the numbers, I see there is a significant difference in the taxes owed on $800 reported as NEC vs. the same $800 reported as MISC, so clearly this is an important point to get right. Once I get this sorted, I do understand that I need to reduce that amount down to $200 to take advantage of the VRIPA provision for 2020.

Thanks in advance for your (or anyone else's) input!