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Business & farm
You are correct -- Form 1099-MISC is used to report at least $600 in Rents (box 1). Nonemployee compensation, which used to be reported in box 7 on the 1099-MISC, is now reported on the 1099-NEC, box 1.
2021 Instructions for Forms 1099-MISC and 1099-NEC
‎January 19, 2021
1:59 PM