I am trying to prepare a 1099-NEC on QB Online to a single member LLC where you need to have person's name and the LLC name in the recipient name box. The only name that is populating is the individual's name. How do I get both names to populate into the box.
You've come to the right place to get help with your 1099-NEC concern, @Patti1001.
In QuickBooks Online, you'll need to enter the full name and company details on the vendor's profile. This way, the person and LLC's name will populate in the recipient's name box when preparing your 1099-NEC form.
I can guide you on how to perform this trick to get you back up. Here's how to check and edit your vendor's profile.
Go to the Expenses menu, and then choose the Vendors tab.
Look for and select the name of the vendors you'll want to modify, and then click the Edit button at the top.
Enter the full name details (First, Middle and Last name).
Type your LLC name on the Company field.
Enter a different name on the Display name as box (usually same with the person's name).
Also, make sure to add the correct company and vendor's details on the Prepare 1099s page (see screenshot).
Then, you can now prepare your 1099-NEC's as you normally do.
To ensure you have the correct data, you can run the 1099 Transaction Detail report. To do that, go to the Reports menu. Then, select it from the Expenses and vendors section.