1099-NEC amount, credit card

[Strongsilence-CPA]

Payment to contractor $1,000 (with payment app).

Payment to contractor $2,000 (with credit card).

Is $1,000 or $3,000 the correct amount to report on the 1099-NEC?

(The contractor, a competent bookkeeper, advised the client that $1,000 is the correct amount.)

Instructions: Form 1099-K.   Payments made with a credit card or payment card and certain other types of payments, including third-party network transactions, must be reported on Form 1099-K by the payment settlement entity under section 6050W and are not subject to reporting on Form 1099-MISC. 

So the instructions say 1099-MISC and don't mention 1099-NEC. If correct, and NEC is intentionally not listed here, then the total payments must be reported. 

P.S. These nagging questions remind me to avoid extending my services outside my tax preparation/tax consulting nice.

[JRC]

I would report the $1000.00 and leave the $2000.00 for the 1099K reporting.

[Strongsilence-CPA]

Thanks JRC,

New facts:

Client paid $100 by payment app.

Client paid $500 by credit card.

Does the vendor get a 1099-NEC?

[TaxGuyBill]

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@Strongsilence-CPA wrote:

Client paid $100 by payment app.

Client paid $500 by credit card.

Does the vendor get a 1099-NEC?

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No.

[qbteachmt]

"So the instructions say 1099-MISC and don't mention 1099-NEC."

This is the 1/2022 version:

https://www.irs.gov/instructions/i1099mec#en_US_2022_publink100019786

"Form 1099-K.

Payments made with a credit card or payment card and certain other types of payments, including third-party network transactions, must be reported on Form 1099-K by the payment settlement entity under section 6050W and are not subject to reporting on Form 1099-NEC. See the separate Instructions for Form 1099-K."