1099-misc missing box 7???

[Landry-Michael]

I know I am late to the party, but was box 7 removed from form 1099-misc.? Its not on the 1099-misc wks in proseries.

[sjrcpa · Accepted solution]

Check out the new 1099-NEC.

[Landry-Michael]

Thank you Kindly! 

[Accountant-Man]

You don't need it.  Add up numbers and put on Schedule C.

[qbteachmt]

"I know I am late to the party"

Here; let me help:

Form 1099-NEC Awareness Day

The Tax Exempt and Government Entities Division (TEGE) invites you to join us for a free Zoom awareness meeting on either January 12, 2021 or January 14, 2021. 

This meeting is designed to help exempt organizations understand the new Form 1099-NEC (Non-Employee Compensation) reporting requirements for the 2020 filing season.  Each session is limited to the first 950 participants. 

Dates and Times:

Several dates and times offered to maximize the reach of the event.

Tuesday January 12th, 2021

9:00 a.m. Eastern - Meeting ID: 161 617 7980

2:00 p.m. Eastern - Meeting ID: 160 527 4160

Thursday January 14th, 2021

11:00 a.m. Eastern - Meeting ID: 160 684 3808

4:00 p.m. Eastern - Meeting ID: 161 660 1009

Participants may also join via voice call using the following information:

   Dial by your location and input the meeting ID when prompted:

• +1 669 254 5252 US (San Jose)
• +1 646 828 7666 US (New York)

Questions emailed to: [email address removed]  with the subject line “Pre-submitted questions for the Form 1099-NEC Awareness Day” will be answered as time permits.

[bunnybook]

I know this is old thread, but wonder why

1099MISC is now 1099NEC? and yet when you go in 1099NEC the boxes don't jive with the

form?

No reason posting? Just picking brains, since the Proseries programming is done

so Poorly! and Lines Never Jive with the forms, forms never Jive with the Lines either.

[qbteachmt]

Yes, the IRS had 1099-NEC years and years ago, and they Re-activated it. This removes Box 7 "Nonemployee Compensation" from the 1099-Misc. That means the 1099-Misc for tax year 2020 has a new layout, and box 7 is now a Different purpose..

It's the same concept with the changes to the form 1040 line numbers. They changed over the years.

"and yet when you go in 1099NEC the boxes don't jive with the

form?"

It isn't clear what you mean by this comment. Here is your Help article:

https://proconnect.intuit.com/community/form-1099-nec/help/how-to-enter-form-1099-nec-nonemployee-co...