MonicaG
Level 4
03-21-2024
07:34 PM
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As long as your gross receipts are more or equal to your 1099NEC amounts, you do not need to fill out the 1099 detail. The IRS already has a copy of the 1099NEC that you have, which has to be filed with the 1096 by 1/31. They have your clients SS# with the 49k. So as long as your client's schedule C has gross receipts of 49k or more, which it should, you have no need to attach the 1099NEC. Back in the day there was no 1099 fill in on the software and you entered all 1099 income on the schedule C gross receipts. As long as you are reporting the same or more income than is reported to the IRS then you are good. Hope that helps.