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KathyP1964
Level 3

1099 misc & 1099 nec

I checked and I still don't have the update to support the new 1099 NEC form. When can I be expecting it? I currently have QBDT Premier contractor edition 2018.

Thanks

Solved
Best answer December 15, 2020

Best Answers
Ryan_M
QuickBooks Team

1099 misc & 1099 nec

Hi @KathyP1964,

 

Thank you for your prompt reply. I'll handle your query about the 1099-MISC and 1099-NEC forms in QuickBooks Desktop (QBDT).

 

If you need to file both forms, you'll have to create a new expense account that you can use for the 1099-NEC. You can refer to this article for the details: How to modify your chart of accounts for your 1099-MISC and 1099-NEC filing. Scroll down and click the QuickBooks Desktop link on the page to see the step by step guide on how to proceed.

 

You can refer to this article when you're done: Create and file 1099s with QuickBooks Desktop. Look for Step 4: Create your 1099s in QuickBooks Desktop section to continue this process.

 

Feel free to tag me in the comments if you need anything else on this matter of your 1099 filing. I'll be glad to help you out. 

View solution in original post

49 Comments
MadelynC
QuickBooks Team

1099 misc & 1099 nec

Hi there, @KathyP1964.


Our product engineers are making sure that QuickBooks is compliant with all the IRS regulations when it comes to filing the tax forms.


We can conduct a reset update to ensure you have an up to date program then check if the form is now available. Here’s how:

 

  1. Go to the Help menu and choose Update QuickBooks Desktop.
  2. Select the Update Now tab.
  3. Click Reset Update.
    Capture.PNG

You can visit these links for more information about the revision and instructions of the form 1099- NEC Non-employee Compensation and form 1099-MISC Miscellaneous Income.


Here’s a future reference that will guide you in preparing and filing your 1099 form with QuickBooks Desktop.


We’re always here to help if you have any other concerns or questions about the forms. I'll get back to you as soon as I can. Take care. 

KathyP1964
Level 3

1099 misc & 1099 nec

Did the reset and still see no reference to 1099 NEC even when I do a mock wizard. Am I missing something?

Ryan_M
QuickBooks Team

1099 misc & 1099 nec

Hi @KathyP1964,

 

Thank you for your prompt reply. I'll handle your query about the 1099-MISC and 1099-NEC forms in QuickBooks Desktop (QBDT).

 

If you need to file both forms, you'll have to create a new expense account that you can use for the 1099-NEC. You can refer to this article for the details: How to modify your chart of accounts for your 1099-MISC and 1099-NEC filing. Scroll down and click the QuickBooks Desktop link on the page to see the step by step guide on how to proceed.

 

You can refer to this article when you're done: Create and file 1099s with QuickBooks Desktop. Look for Step 4: Create your 1099s in QuickBooks Desktop section to continue this process.

 

Feel free to tag me in the comments if you need anything else on this matter of your 1099 filing. I'll be glad to help you out. 

View solution in original post

neenqueen
Level 1

1099 misc & 1099 nec

I am having the same problem. I updated my 2018 Premier but still don't see a way to Print the 1099NEC forms. Do you have an update release date? Thanks!

neenqueen
Level 1

1099 misc & 1099 nec

I am having the same problem. I updated my 2018 Premier Desktop QB (Accountant's version) using the reset but there is still no option for printing the 1099NEC form, only the 1099MISC. Is the 2018 version being supported? If so, when will the update be released -- Thanks!

Rea_M
QuickBooks Team

1099 misc & 1099 nec

Welcome to the Community, @neenqueen. I'm here to share the latest update about the Form 1099-NEC in QuickBooks Desktop (QBDT).

 

We always make sure that our QuickBooks Payroll services are compliant with all the IRS regulations when it comes to filing tax forms. With this, I'm glad to relay the good news. The Form 1099-NEC will be available on December 17, 2020. We'll also keep you updated via email or a prompt inside QuickBooks on that very same day.

 

Your QBDT Premier 2018 (Accountant version) is supported for the Form 1099-NEC. Just make sure you have the latest payroll updates before generating and printing one through the system. This way you'll also have the most current and accurate rates and calculations for tax tables, other payroll tax forms, and e-file and pay options. 

 

Additionally, in case you need to file both the 1099-MISC and 1099-NEC forms, you’ll have to create a new account to easily track those separate payments in QuickBooks. To learn more about this process, you can refer to this article: Understanding payment categories for the 1099-MISC and 1099-NEC.

 

I'm also adding this article to learn more about Form 1099-NEC and when to file one in QBDT:  How you can prepare for the 2020 tax season.

 

I'm just around if you have other concerns or follow-up inquiries about Form 1099s in QBDT. Take care always, @neenqueen.

neenqueen
Level 1

1099 misc & 1099 nec

Thank you very much Rea. Will printing the NEC forms work if I don't have a payroll subscription? Not all my clients do.

RenjolynC
QuickBooks Team

1099 misc & 1099 nec

Hello, neenqueen.

 

Yes, you can print the 1099-NEC form without the payroll subscription. This is a form that solely reports non-employee compensation.

 

I'll walk you through the steps where to get the form. Before doing so, please make sure to create a back up of your company file to prevent data loss.

 

Then, follow these steps:

 

  1. Go to Vendors > Print/E-file 1099 Forms > 1099 Wizard
  2. Click the Get started button for the 1099 form you want to create. If you need to create both 1099-NEC and 1099-MISC, you’ll need to repeat the steps for the other form. Important: There are changes to the 1099 forms and boxes in 2021 for tax year 2020, so choose your forms carefully. Most businesses will choose “Nonemployee compensation, Box 1 on the 1099-NEC, but check with your accountant if you think you might have made other types of payments. 
  3. Select vendors that need 1099 form and hit Continue
  4. Verify if the vendor has the correct information. You can edit any incorrect information by double-clicking on the section that needs updating. Click Continue
  5. Map the vendor payment accounts. Choose the account you want to link the payment to from the Apply payments to this 1099 box drop-down menu. If any boxes are gray, they are mapped to the other 1099 form. You only map accounts to one 1099 form. When complete, press ContinueNote: If you see a message in red stating your settings do not match the current IRS thresholds, select Show IRS 1099-MISC filing thresholds and choose Reset to IRS Thresholds
  6. Review your payment information for exclusions. For more information on what can be excluded see: What payments are excluded from a 1099-NEC and 1099-MISC?. Then, click the View Included Payments or View Excluded Payments to see detailed reports. Press Continue
  7. Review the vendors and amounts you're going to report. Select Continue.
    Note: If you want to see the vendors who don't meet the IRS threshold, select View Summary Report.
  8. Choose whether to print 1099s or e-file.

If you choose to continue to e-file your 1099s, you can check out this article for the detailed steps: Create and file 1099s with QuickBooks Desktop.

 

I'm also adding this article for additional details: What is a 1099 and do I need to file one?.

 

You can always leave a reply here if you have any additional questions. My colleague and I are here to help. Have a good day!

kelly55
Level 2

1099 misc & 1099 nec

WHEN WILL WE HAVE an update for the new 1099-NEC form printing via quickbooks 2019??  I am beyond frustrated with the lack of accurate support for this product.  

MaryLandT
QuickBooks Team

1099 misc & 1099 nec

I know that this would be beneficial when the 1099-NEC form is ready to be printed in QuickBooks Desktop, kelly55.

 

We're working diligently to provide the said form as quickly as possible. Getting state and federal forms ready for use is a complex process. However, we'll do our best to release them starting the first week of January 2021.

 

For now, you can check this page to find information on the latest payroll update: Tax table.  Also, the 1099-NEC form can only be generated if these following are completed:

 

If you need anything else, don't hesitate to comment below. I'm always around to help.

jantco
Level 3

1099 misc & 1099 nec

I for one am thoroughly upset with how Intuit has handled this whole thing.  All they had to do inside the software is remap the old Box 7 on the 1099-MISC to Box 1 on the 1099-NEC.  Instead, they chose to delete ALL mapping.  This is going to be extremely time consuming to go through all my clients and start from scratch.  Did Intuit even consult anyone before they took this approach??

neenqueen
Level 1

1099 misc & 1099 nec

So is there a date yet when we'll be able to print the 1099NECs? It was given earlier as 12/17, but that appears not to be true. Thanks.

katherinejoyceO
QuickBooks Team

1099 misc & 1099 nec

Thanks for the follow-up question, @neenqueen

 

At the moment, we're unable to provide the exact date as to when will this be implemented. 

 

I'd recommend you visit our Firm of the Future regularly. It's where we generally post our news and product updates. 

 

For future reference, read through these articles for further details about the 1099-NEC FAQ and various updates in QBDT. 

 

 

Let me know if you have additional questions. I'm happy to serve you. 

choughton
Level 1

1099 misc & 1099 nec

I'm using version 2018 desktop. It has not updated to prepare both 1099-MISC and 1099-NEC. I have a client with version 2019 and that has the update. 2018 should still be supported so when will you release the update for 2018?

JonpriL
Moderator

1099 misc & 1099 nec

Hello @choughton,

 

Yes, QuickBooks 2018 is still one of the supported versions and you're able to prepare your 1099 NEC forms. Let's update it to the latest release including the payroll tax table so you can start with your form preparations. Let me show you how.

  1. Go to Help.
  2. Select Update QuickBooks Desktop.
  3. Under Update Now, select Get Updates.

From here, you'll be asked to close and re-open QuickBooks so the system can install the updates. Then, follow the steps below to update your payroll tax table:

  1. Go to Employees.
  2. Select Get Payroll Updates.
  3. On the You must update before: section, select Download the entire payroll update.
  4. Click Update.

Once done, your 1099 NEC form preparation is ready. You can follow and be guided with the steps outlined in this article: How to modify your chart of accounts for your 1099-MISC and 1099-NEC filing?

 

Additionally, I've also included this helpful reference for a compilation of articles you can use for the year-end preparations: How you can prepare for the 2020 tax season?

 

If there's anything else that I can help you with, please let me know by leaving any comments below. I'll be here to lend a hand.

NunyaBiz
Level 2

1099 misc & 1099 nec

Hello All,

 

1099 NEC and 1099 MISC updates seem to have rolled out. It appears you can update years 2018, 2019 and 2020, so three years are supported the same way payroll is supported for 3 years.

 

Update your QuickBooks software, or if you have a payroll subscription, get the latest payroll update. Either should work.

 

I don't know why they keep referring us to the article about "How to modify your Chart of Accounts". That will be completely unnecessary in most cases. If you're paying ONE person for 2 types of expense, they should already be posted to 2 different expense accounts which can be mapped to the correct form for each type of expense. For instance, if you pay RENT and Professional Fees to one person. You map Rent to 1099 MISC and you map Professional Fees to 1099 NEC and they'll receive one of each type of form. Without needing to change your Chart of Accounts or do Adjusting Journal Entries. Just make sure your payments were already entered correctly. Simple and straightforward unless your situation is much more complicated!

 

What you really need to do is MAP YOUR ACCOUNTS after your software update. The update clears your previous mapping, so you're starting fresh. Please note: you have to go through the 1099 set up wizard TWICE if you need BOTH the1099 NEC and 1099 MISC.

 

Find the wizard from the Vendors drop down menu: 1099 Forms: Print e-file 1099 Forms or from the File drop down menu: Print Forms: 1099s/1096. Then go through the steps for 1099 NEC and save and close, then OPEN AGAIN to go through the steps for 1099 MISC.

 

Then view your 1099 Summary. Please note: there is a choice in the report (on the report options line just under the dates) for either MISC or NEC. Also note ALL YOUR VENDORS SHOW UP ON BOTH REPORTS, but the amount is zero if they don't get THAT type of form.

 

I hope this helps a few people!!

 

Good luck everybody!

 

 

Catz
Level 3

1099 misc & 1099 nec

NunyaBiz

I have QB Desktop 2019 ...

Can you explain what to do in more detail, I don't know how to map and I don't see a Vendors Wizard option ... 

What you really need to do is MAP YOUR ACCOUNTS after your software update. The update clears your previous mapping, so you're starting fresh. Please note: you have to go through the 1099 set up wizard TWICE if you need BOTH the1099 NEC and 1099 MISC.

 

Find the wizard from the Vendors drop down menu: 1099 Forms: Print e-file 1099 Forms or from the File drop down menu: Print Forms: 1099s/1096. Then go through the steps for 1099 NEC and save and close, then OPEN AGAIN to go through the steps for 1099 MISC.

NunyaBiz
Level 2

1099 misc & 1099 nec

Catz,

 

If you've never mapped accounts in QuickBooks, you should probably search for an article explaining the process on this website. I'm not an advisor, I'm just trying to be a little helpful because we've gotten some strange suggestions from Intuit about modifying the Chart of Accounts and doing Adjusting Journal Entries when that seems completely unnecessary in most cases if not all.

 

Mapping accounts is to set up which form that type of expense is reported on (1099 NEC or 1099 MISC). You can find the set up wizard (which doesn't say "wizard" anymore) by going to the Vendors drop down menu: 1099 Forms: Print e-file 1099 Forms: click YES: then click GET STARTED in the blue area under Form 1099-NEC and it will take you through several steps. Then do the same for 1099-MISC by starting from the Vendors drop down menu AGAIN because they don't automatically send you from NEC to MISC for mapping.

 

If you don't find an article you understand, you can also look for tutorials on YouTube which can be very helpful.

 

Good luck!

Stacia1
Level 1

1099 misc & 1099 nec

I started mapping in 1099 NEC on accident.  I got all the way to print before I realized.  When I went to run the 1099 MISC, all amounts show $0.  All the advice I've read refers me to exactly what you cautioned against, modifying accounts and journal entries.  Any suggestions?

lgoslin
Level 1

1099 misc & 1099 nec

joining conversation to find out if there will be an update to choose form 1099-NEC rather than 1099-MISC. I 

am using QB Desktop Mac 2020 V19.0.4 R5.1. thank you

GlinetteC
Moderator

1099 misc & 1099 nec

I appreciate you for joining this conversation, lgoslin.

 

For now, the newly 1099-NEC is unavailable in QuickBooks Desktop for MAC yet. What I can suggest is to visit the IRS website to fill out the form, and then export all the needed information to https://www.tax1099.com/

 

You may also consider reaching out to our Payroll Support so they can guide you on the instructions needed to prepare once the form becomes available. Here's how:

 

  1. Go to this link: https://help.quickbooks.intuit.com/en_US/contact
  2. Select QuickBooks Mac Desktop.
  3. Choose a topic.
  4. Scroll down to the bottom section and click on Start a Message.

I'm including these articles for more details about the 1099-NEC FAQs:

 

Feel free to add a comment below if you have any other tax concerns. I'm here to help.

Jul4
Level 1

1099 misc & 1099 nec

01/13/21 - Still no Payroll Update for filing 1099-NEC??  I can get all the way through the process and then get a "Problem.  Based on your 1099 setup, no 1099 vendors have sufficient payments for this period to receive a 1099-MISC form" message.  I only have one vendor to print and have looked at all help info to see if I have to change anything.  WILL there be a Payroll Update that will cover this issue?  Thank you.

MadelynC
QuickBooks Team

1099 misc & 1099 nec

Thanks for dropping by and joining this thread, @Jul4.


Have you tried updating your software and tax table to their latest release? This way, you'll have uninterrupted access to your payroll and add-on services.


You can also utilize the QuickBooks Verify and Rebuild tool to make sure your data is error-free. This easily fixes data concerns found within the program. Let me show you how:

 

  1. First, choose Window and then select Close All.
  2. Go to the File menu, and then click on the option of Utilities.
  3. Select the option of Rebuild Data.
  4. Follow the onscreen instruction to back up your data.
  5. When the tool finishes, select OK.
  6. Navigate to the File menu, then hover over Utilities.
  7. Click Verify Data and select Rebuild Now once QuickBooks finds an issue with your company file.

 

If the issue persists, I recommend contacting our Payroll Support team to assist you further. They have tools that help verify details in order to resolve this.


I’ve added an article here to help you prepare and file 1099s with QuickBooks Desktop. It contains complete instructions to create your forms.


Drop a comment below if you have any other questions or concerns about the form. We're all right here to help. I hope you're good. Take care.

Office871
Level 2

1099 misc & 1099 nec

Hi,

 

I chose the wrong 1099 form for my independent contractors.  I should have chosen 1099 NEC but I chose 1099 Misc.  I am trying to change my IC vendors over to NEC but I've already run the 1099 wizard for 1099 Misc.  Is there a "fix" to fix my issue?  When I go through the steps as a 1099 misc, all my figures come up.  When I try to go through 1099 nec, I get all zeros for balances.  I can't print or e-file my IC because it's wanting to print 1099 Misc.  I made a big mistake.  Wondering if there is a way to reinstall the 1099 wizard??  Thanks!

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