gfpstaxes
Level 4
‎08-03-2021 04:15 PM

I have clients that received payments from companies that used 1099-MISCs they purchased before they changed the form for 2020. So my client's payments are in Box 7. However Pro-Series seems to have updated the 1099-MISC so there is no Box 7. What is the best way for me to enter that.

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Just-Lisa-Now-
Level 15
Level 15
‎08-03-2021 04:18 PM

Skip entering the 1099s (theyre not needed), just enter ALL income on Line 1 of the Sch C.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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PATAX
Level 15
‎08-03-2021 04:24 PM

The 1099- misc and 1099-nec are for informational purposes... The income from these should already be recorded in the books with any other income just like Lisa said...