qbteachmt
Level 15

You are never reporting the 1099-NEC. You are reporting the Money that was gross revenue, which (by definition) is this much or more. Example:

Your taxpayer business grossed $3million. Not one of the sales or a total to any one customer is $600 or more, so there is no 1099-NEC reporting at all. The IRS still expects $3m to be reported.

You have an Informational Reporting form. It's not an account statement. There is no Matching process. You might have no 1099-NEC or a bajillion 1099-NEC. What matters is reporting the facts of business operation.

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