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November 23, 2020
Question

New 1099 NEC

  • November 23, 2020
  • 1 reply
  • 7 views

We pay 2 persons a stipend each month. At the end of the year we prepare the 1099 for them. This is a non profit church. Will we need to use the 1099 NEC or 1099 Misc?

 

Thanks

Michele

1 reply

QuickBooks Team
November 23, 2020

Welcome to the Community, WYO MN.

 

Thanks for choosing QuickBooks to cater to your business needs.

 

We're unable to provide which option to choose between 1099 NEC or 1099 Misc when preparing 1099 in QuickBooks for your non-profit church. Though, for you to be guided, I suggest reaching out to the IRS. They'll be able to ensure everything is accurate.

 

For more information about 1099 forms and how you can prepare for the 2020 tax season, I encourage you to check out this article: What is a 1099 and Do I Need to File One?.

 

In case you'll have to file both a 1099-MISC and 1099-NEC, I recommend browsing this article to learn what you need to do: 1099-MISC and 1099-NEC Filing.

 

Keep in touch with us by clicking the Reply button if you have additional questions or concerns about 1099. Doing so helps us provide an accurate solution for you.