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    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.

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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♥¸¸.•*¨*•♫♪

    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...







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