1099 Adj from 1099-NEC to 1099-MISC

It's good to have you here in the QuickBooks Community, @lorena-theteenpr.

I'd be glad to share some details on how to adjust 1099 filings.

If you've already filed your forms, you can submit amended 1099 forms through QuickBooks Online. However, as of this moment, we don't have specific instructions to do so. I recommend checking this article to verify from time to time if the accurate steps have been published: Correct or change 1099s in QuickBooks.

Once the instructions are provided, you can follow the steps below to ensure the correct box is selected:

1. Go to Payroll and then select Contractors.
2. Choose Prepare 1099s.
3. Make sure your company name, email, address, and tax ID are correct and match what's found on tax notices or letters from the IRS. Click Edit to make any changes.
4. Select Confirm info and get started.
5. Click Select accounts and choose or confirm the accounts used for your 1099 expenses or payments, then hit Add. 
6. Next to each account added, select the 1099-MISC boxes that represent the type of payments made to your contractors this year. Hit Next.
7. On the Tracked for 1099 tab, place a checkmark next to each contractor who should get a 1099. Make sure ‌the contractors' info and email addresses are correct. Select Edit to make any changes.
8. If a contractor is missing, select the Not tracked for 1099 tab. Select Add to tracked list to add the contractor to the Tracked for 1099 tab, then select Back.
9. Review the Reportable total amount for each contractor selected, then select Next.
10. Hit Preview to view each 1099 and review the amount in each box. Select Continue to 1099-MISCs to view your 1099-MISC forms. Select Next.
11. Once done, click Continue to E-File to e-file your 1099s. Or select I’ll print and mail to print and mail the forms yourself.

Moreover, see this article to learn how to submit your 1099s again if your form is rejected by the IRS: Fix rejected 1099 forms.

I'm more than willing to help if you have any other 1099 queries in QuickBooks Online. I'll ensure your needs are taken care of. 

Is there an update as to when this option is going to go live in quickbooks online.  Today is Feb 5th and it is still not open.  Needing to update my vendors on when they can expect updated 1099s.

Thanks!

Thank you for joining the thread, @ardavis.

Let me help and provide information about the update or correcting the 1099 in QuickBooks Online (QBO).  

Currently, we don't have steps for correcting the 1099 filed through QBO. If you've already filed your forms, you can submit amended 1099 forms through QBO. However, as of this moment, we don't have specific instructions to do so. I recommend checking this article to verify from time to time if the accurate steps have been published: Correct or change 1099s in QuickBooks.

Once the instructions are provided, you can refer to the steps above given by my colleague Carneil_C to ensure the correct box is selected.

For future reference, you can check this article to guide you on how to fix and resubmit 1099-NEC or 1099-MISC forms rejected by the IRS: Fix rejected 1099 forms.

I'll always be here, ready to back you up if you have any further questions about 1099 or other QBO-related concerns. Please let us know any time in the thread. Keep safe!

Please update us on when this feature will be available so we can file amended/corrected 1099's for 2023 through QBO.

Hello, @MC Tax Consultant.

I can share additional information about making corrections to 1099-NEC or 1099-MISC forms after you e-file them.

The functionality to submit amended 1099 forms through QuickBooks Online is now available. Moreover, I recommend checking this article to verify the steps needed to make corrections on your forms: Correct or change 1099s in QuickBooks.

I'll include this article to guide you on how to fix and resubmit 1099-NEC or 1099-MISC forms rejected by the IRS: Fix rejected 1099 forms.

If you have further questions about correcting 1099-NEC or 1099-MISC forms, you can comment below, and we'll respond to you as soon as possible.

I filed 1099 nec through QuickBooks online. For one form only, the name suffix was incorrectly listed as ‘jr’ and not ‘III’ how do I file a correction?

Good day, @wcoryell. I'd be glad to share with you the steps on how to correct your filed 1099 NEC in QuickBooks. 

Since you've filed your 1099s in QuickBooks Online, you may be able to correct 1099s directly in your product. 

To start, ensure that that the IRS accepted your 1099s. To confirm:

1. Go to the 1099 filings tab
   1. QuickBooks Online and QuickBooks Online Payroll: Go to Taxes, then 1099 filings.
   2. QuickBooks Contractor Payments only: Go to 1099 filings.
2. In the Status column, look for Accepted.

Once done, follow these steps to E-file your 1099 correction:

1. Go to the 1099 filings tab
   • QuickBooks Online and QuickBooks Online Payroll: Go to Taxes, then 1099 filings.
   • QuickBooks Contractor Payments only: Go to 1099 filings.
2. Click Correct next to the form you want to fix. Please note that your business info must be the same as the original file accepted by IRS. If you’ve made changes since you filed, change them back.
3. The accounts and boxes you previously chose will appear. These are the accounts that represent the payments or expenses you paid to your contractors, and the corresponding 1099 box. To delete an account select Remove next to the row. To add or change an account select Select accounts.
4. If you want to change the 1099 box, select the dropdown ▼ next to the account and select the 1099-NEC or 1099-MISC box that represents the type of payments made to your contractors.
5. Select Next. If you make any changes to your accounts or 1099 boxes, you’ll get a message that other 1099 forms may also be affected. Check your other contractors' 1099 forms and fix if needed. Select Got it to continue.
6. Verify the Corrected total is what you expect. If the contractor payment total is now below the 1099 threshold, and they ‌no longer need a 1099, the Corrected total will be $0.00.
7. Check your contractors' personal info and email addresses. Select Edit ✎ to make any changes. Click Next.
8. Select Preview to view each corrected 1099. Click E-file corrected form twice.

For complete guidelines, you can check out this reference: Correct or change 1099s in QuickBooks.

Furthermore, I've added these articles that tackled the things to prepare when filing 1099 forms:

• Create and file 1099
• Modify your chart of accounts for 1099-MISC and 1099-NEC

If you have further questions about correcting 1099s in QBO, we'll be here to assist. We're committed to offering ongoing support. Take care.

I have QBs desktop and had a lot of difficulty filing our 1099s for the last few years.  Has QBs addressed the maze of issues for 2025?  If not, I will be looking for another source to file our 1099's online.

I was told that NEC are to replace all MISC?  Curious!

@KSfranklin  Where did you hear that information regarding 1099-NEC and 1099-MISC?

The 1099-NEC is now used to report independent contractor income. But the 1099-MISC form is still around, it's just used to report miscellaneous income such as rent or payments to an attorney. Bench Blog

Although the 1099-MISC is still in use, contractor payments made in 2020 and beyond will be reported on the form 1099-NEC.

@KSfranklin  Ah, that. Yes, before 2020, the NEC did not exist.

The NEC is basically just a form they split off from MISC specifically for contractor payments.

It won't be replacing the MISC, only one of the common uses that the MISC once had.

Have you tried the e-file with QBs?  It is very complicated.  Every year I have to call for help.

@KSfranklin  The only thing I've ever bothered e-filing with QuickBooks is the 941 report and W-2s, and that only on the Desktop version.

Frankly, trusting them that far is a bit of a stretch, considering how late they've been lately on preparing for W-2 season.

Thanks for posting here in the Community, and for sharing the complete details of your concern. I'll share some information about how to file your 1099-NEC or 1099-MISC forms, @KSfranklin.

QuickBooks Desktop can help you prepare your 1099s from the info you already have in the program. But when it's time to file you'll have to import your data to Tax1099, then file the form from there. May I what issues or challenges you've encountered when filing the form?

Form 1099-NEC will only replace Form 1099-MISC for reporting non-employee compensation (in Box 7), shifting the role of the 1099-MISC for reporting all other types of compensation.

The 1099-NEC is specifically for reporting non-employee compensation, whereas the 1099-MISC is for a variety of other types of payments, such as rent and royalties. So, if you only made non-employee compensation payments to an individual, the 1099-NEC can replace the need to file a 1099-MISC. However, if you made other types of payments to the individual, you may still need to file a 1099-MISC for those payments.

The 1099-NEC is now used to report independent contractor income. But the 1099-MISC form is still around, it's just used to report miscellaneous income such as rent or payments to an attorney. Although the 1099-MISC is still in use, contractor payments made in 2020 and beyond will be reported on the form 1099-NEC.

Again, it depends on the type of payment or compensation. Starting in tax year 2020, qualifying non-employee compensation payments will be reported on Form 1099-NEC, instead of on Form 1099-MISC. However, the 1099-MISC will still be used for reporting other types of payments, such as rents and royalties, but non-employee compensation payments should now be reported on the 1099-NEC.

In addition, learn how to prepare and file your Federal 1099s with QuickBooks Online: Create and file 1099s with QuickBooks Online.

You can always post here in the QuickBooks Community if you have other concerns or inquiries about 1099-NEC. I'm here to help.

I have QBs Desktop.  Do you have a video for filing 1099s via desktop?

Yes, @KSfranklin, we have. I'd be happy to give you the resource.

You can visit this link and watch the video on filing your 1099s: Create and file 1099s with QuickBooks Desktop.

If you want more videos to complete different tasks in QuickBooks, visit our How-to video center. You can choose a topic and watch step-by-step videos to learn from it. 

Please utilize the comment section below if you have additional questions about filing 1099s in QuickBooks, @KSfranklin. I'll be around to provide the help you need.