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New Member
posted Jan 30, 2021 9:51:30 AM

In Form 1099-MISC in TT Deluxe 2020, Box 7 has an "N/A" already filled in but on my 1099-MISC from my employer it states my "Non-Employee Compensation" just like in 2019?

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2 Replies
Level 15
Jan 30, 2021 9:54:03 AM

Did they give you a 2020 1099Misc for it?  Box 7 is now for sales.  There is a new form 1099NEC box 1 for non employee compensation.  Your employer used the wrong form.

Level 15
Jan 30, 2021 10:00:35 AM

2020 1099Misc box 7 is now for Direct Sales

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

 

The new 2020 1099NEC box 1 has replaced 1099Misc box 7 for non-employee compensation

https://www.irs.gov/pub/irs-pdf/f1099nec_20.pdf

 

Actually you can just enter it as Other self employment income or as Cash or General income.  You don't need to get a 1099NEC or 1099Misc or 1099K.  Even if you did you can enter all your income as Cash.  Only the total goes to schedule C.