Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

1099-MISC used in 2020 instead of 1099-NEC

gfpstaxes
Level 4

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
1 Solution

Accepted Solutions
Just-Lisa-Now-
Level 15
Level 15

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

Skip entering the 1099s (theyre not needed), just enter ALL income on Line 1 of the Sch C.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
PATAX
Level 15

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...