Welcome back! Ask questions, get answers, and join our large community of tax professionals.
  • Products
  • Workflow Tools
  • Learn & Support
  • Sign In
  • Products
  • Workflow Tools
  • Contact Us
  • Sign In
  • Learn & Support
    • Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
    Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
    cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 

    1099-MISC used in 2020 instead of 1099-NEC

    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.

    0 Cheers

    This discussion has been locked. No new contributions can be made. You may start a new discussion here

    1 Best Answer

    Accepted Solutions
    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♥¸¸.•*¨*•♫♪

    View solution in original post

    2 Comments 2
    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♥¸¸.•*¨*•♫♪
    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...







    Intuit Lacerte Tax
    Intuit ProConnect Tax
    Intuit ProSeries Tax
    Additional Accounting Solutions
    Tax Pro Center
    Tax Practice Resources
    Call sales: 844-877-9422
    Sitemap

    ©1997-2024 Intuit, Inc. All rights reserved.

    Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

    By accessing and using this page you agree to the Terms and Conditions.

    About Cookies | Manage Cookies
    Legal Privacy Security