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Video: 1099-MISC and 1099-NEC: What's the Difference?
What’s the difference between the 1099-NEC and 1099-MISC? They’re both used to report income paid to nonemployees, but they serve different purposes. Form 1099-NEC is used to report payments over $600 made to nonemployees. While these payments were previously reported on the 1099-MISC, this form is used to report payments such as rent ...
Apr 16, 2024
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