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Why is there no box 7 on the 1099 miscellaneous income

 
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11 Replies

Why is there no box 7 on the 1099 miscellaneous income

box 7 on form 1099 has been moved in 2020 to form 1099-NEC. 

Why is there no box 7 on the 1099 miscellaneous income

The IRS moved it to a new form 1099NEC box 1.  Are you trying to enter income or prepare 1099NEC for your people?  It's in the QEF Quick Employer Forms

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

Why is there no box 7 on the 1099 miscellaneous income

So how am I suppose to add that income

Why is there no box 7 on the 1099 miscellaneous income

Enter income 

Why is there no box 7 on the 1099 miscellaneous income

Did you get a 1099MISC for it?  Or did you get the new 1099NEC?  If you got a 109Misc what box is it in?  Did they send you the wrong form?  

 

If you have the Online version or even in the Desktop program just enter your total business income as Cash or General. You don't need to enter the actual 1099Misc or 1099NEC. Only the total goes to schedule C line 1.

Why is there no box 7 on the 1099 miscellaneous income

I made a screen shot.  Enter it as Other Self Employment Income

 

1099NEC 3.jpg

Why is there no box 7 on the 1099 miscellaneous income

My employer sent me a 1099 misc

will I get penalized if I enter it as a 1099nec

my employer was not aware of new form this year or does he need to go back cancel the 1099misc and send a 1099nec

Why is there no box 7 on the 1099 miscellaneous income

Is it a 2020 1099Misc?  What box is the amount in?  Yes he may need to fix it.  

Why is there no box 7 on the 1099 miscellaneous income

Yes it is a 2020 1099misc income I earned is in box 7 but turbo tax doesn’t have box 7 anymore on 1099misc

JeffreyR77
Expert Alumni

Why is there no box 7 on the 1099 miscellaneous income

@VolvoGirl @aleishacatts The 1099 MISC box 7 indicates you received $5000 or more of goods for resale.  If the originator doesn't issue a corrected form, the IRS may send you a notice if there are no sales of goods reported on your tax return. 

 

 

You should request the originator issue a corrected 1099-MISC without the check in box 7.  

Why is there no box 7 on the 1099 miscellaneous income

@JeffreyR77   That is a 2021 1099Misc.  

Nevermind..2020 is the same.

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