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CCampbell
Level 3

1099 MISC

I have seen similar questions like this from my many searches but nothing has helped me yet.  I have a Rent Expense account.  The only vendor to whom I pay rent is marked as 1099 eligible and has a tax id noted.  When I go to print 1099s, choose MISC, select this vendor's name, and continue, the vendor shows up as NEC: Box 1 Nonemployee Compensation and I cannot change it. Clearly, because it is for rent, it should be a 1099 MISC.  Last year, I just sent him a 1099 NEC because I could never figure it out.  I don't understand the "mapping" verbiage and don't have a tax line chosen in the edit account window.  This is for a non-profit and we are not required to file taxes at this time.  I'm about ready to handwrite the 1099 MISC.  Any ideas?  Thank you in advance.    

Solved
Best answer January 08, 2024

Best Answers
ChristieAnn
QuickBooks Team

1099 MISC

Hello there, CCampbell.

 

Let me provide insights and clarification on how 1099-MISC and 1099-NEC work in QuickBooks Desktop. I'll also ensure that the rent transaction shows up on the right form within the program.

 

When preparing your 1099s you have the option to choose the box for the types of payments you made and the expense accounts you use for these payments. That said, QuickBooks will depend on how you set up the details on 1099. I suggest making sure that the accounts and boxes are properly mapped for both the 1099-MISC and 1099-NEC forms so QuickBooks will automatically determine the entries that should go to the 1099-MISC. Before doing the process, you'll first need to omit the rent payment that shows on the NEC.

 

Here's how:

 

  1. Click the Vendors menu at the top.
  2. Select 1099 Forms and Print/E-file 1099 Forms.
  3. Select Get started on the 1099-NEC. Then, choose Omit these payments from 1099
  4. Click Continue.

 

After that, you can go back to the page where you can see the Get Started under the Form 1099-MISC. Then, choose Box 1:Rent. You can then refer to this article for instructions on how to set accounts and boxes properly: Modify your chart of accounts for your 1099-MISC and 1099-NEC filing.

 

If you need to see other related information about 1099 and be updated with this form, you can read this article: Get answers to your 1099 questions.

 

You can always post here in the QuickBooks Community if you have other concerns or inquiries on managing 1099 in QBDT. I'm always here to make sure that everything is taken care of, CCampbell. Have a great day!

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3 Comments 3
ChristieAnn
QuickBooks Team

1099 MISC

Hello there, CCampbell.

 

Let me provide insights and clarification on how 1099-MISC and 1099-NEC work in QuickBooks Desktop. I'll also ensure that the rent transaction shows up on the right form within the program.

 

When preparing your 1099s you have the option to choose the box for the types of payments you made and the expense accounts you use for these payments. That said, QuickBooks will depend on how you set up the details on 1099. I suggest making sure that the accounts and boxes are properly mapped for both the 1099-MISC and 1099-NEC forms so QuickBooks will automatically determine the entries that should go to the 1099-MISC. Before doing the process, you'll first need to omit the rent payment that shows on the NEC.

 

Here's how:

 

  1. Click the Vendors menu at the top.
  2. Select 1099 Forms and Print/E-file 1099 Forms.
  3. Select Get started on the 1099-NEC. Then, choose Omit these payments from 1099
  4. Click Continue.

 

After that, you can go back to the page where you can see the Get Started under the Form 1099-MISC. Then, choose Box 1:Rent. You can then refer to this article for instructions on how to set accounts and boxes properly: Modify your chart of accounts for your 1099-MISC and 1099-NEC filing.

 

If you need to see other related information about 1099 and be updated with this form, you can read this article: Get answers to your 1099 questions.

 

You can always post here in the QuickBooks Community if you have other concerns or inquiries on managing 1099 in QBDT. I'm always here to make sure that everything is taken care of, CCampbell. Have a great day!

CCampbell
Level 3

1099 MISC

Oh my goodness!  That was so easy but also something I never thought of doing.  I will save these directions for next year.  Thank you so much!! 

RoseJillB
QuickBooks Team

1099 MISC

You’re always welcome, @CCampbell.

 

I’m glad to hear that my colleague’s response has helped you clarify things about how 1099-MISC and 1099-NEC work in QuickBooks Desktop (QBDT). Rest assured that every concern posted in this forum is addressed accordingly.

 

Please don’t hesitate to come back if you have any QuickBooks-related concerns. Have a good one!

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