topic 1099-MISC Box 7 in Get your taxes done using TurboTax

1099-MISC Box 7

taxmom4 — Sat, 06 Feb 2021 23:30:55 GMT

I am trying to enter information from a 1099-MISC form and they put the amount earned in box 7 "nonemployee compensation". When I go to enter this in box 7 does not come up and when I click the "?" it states "If you have info in box 7, you might have to report income from this sale in the "Business Income and Expenses" section." Where is this section and how do I report this income?

Re: 1099-MISC Box 7

macuser_22 — Sat, 06 Feb 2021 23:33:53 GMT

The 1099-MISC with box 7 does not exist for 2020. It has been replaced with the new 1099-NEC.

There is no 2020 1099-MISC with a box 7, it you got one it cannot a 2020 form.

Re: 1099-MISC Box 7

VolvoGirl — Sat, 06 Feb 2021 23:38:02 GMT

@macuser_22 Yes 2020 1099Misc has box 7. It is now for Direct Sales of 5,000 or more.

https://www.irs.gov/pub/irs-pdf/f1099msc_20.pdf

Re: 1099-MISC Box 7

macuser_22 — Sat, 06 Feb 2021 23:44:44 GMT

@VolvoGirl wrote:

@macuser_22 Yes 2020 1099Misc has box 7. It is now for Direct Sales of 5,000 or more.

https://www.irs.gov/pub/irs-pdf/f1099msc_20.pdf

That is just a check mark, not a dollar amount.

The poster specifically asked about "non-employee compensation".

Re: 1099-MISC Box 7

taxmom4 — Sun, 07 Feb 2021 02:40:23 GMT

Thank you! That fixed my issue...they just texted me the information as I was doing my taxes now and didn't want to wait for the form and I assumed it was the same 1099-MISC not the new 1099-NEC.