ToddL99
Expert Alumni

Retirement tax questions

There isn't a Box 3 entry for 1099-NEC.  Boxes 2 and 3 of 2020 Form 1099-NEC are reserved for future use)

 

From the IRS 2020 Form 1099-NEC Nonemployee Compensation,:

  • Box 2. Reserved. 
  • Box 3. Reserved.