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leleiva
New Member

I have a 1099-NEC instead of a 1099-Misc for my consulting independent job. Is it the same?

Any answer out there?
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2 Replies

I have a 1099-NEC instead of a 1099-Misc for my consulting independent job. Is it the same?

The 1099-nec has replaced the 1099-misc. 

SusanY1
Expert Alumni

I have a 1099-NEC instead of a 1099-Misc for my consulting independent job. Is it the same?

The 1099-NEC replaced the use of "Box 7" for 1099-MISC independent contractors for tax year 2020.  So yes, it is essentially the same as what you are used to receiving for your consulting work.  

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