Which form should be used for a small business to report non employee compensation PAID OUT for the TAX YEAR 2019?? 1099 MISC OR 1099 NEC ??
The 1099-NEC is a part of the 1099-Misc.
1099-Misc still applies for 2019 for box 7.
1099-NEC takes effect for 2020.
IRS instructions tell you all about this.
Here is a nice resource:
https://www.thebalancesmb.com/what-is-form-1099-nec-for-nonemployee-payments-4781974
