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Level 2
posted Mar 29, 2021 8:48:03 AM

1099 NEC

What is the difference between a 199-NEC and a 1099 Misc?

 

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1 Replies
Level 15
Mar 29, 2021 8:49:25 AM

The 1099NEC is new this year for 2020.  They split off 1099Misc  box 7 for non-employee compensation into its own form, 1099NEC.