Hello-
I have used the "Prepare 1099" feature in QB Online where is prepares, files and mails the forms automatically for 1099-Misc. Will this also now happen with 1009-NEC in QBO and/or be a second open to use?
Also, I do not understand the difference in reporting these two 1099's. All "Independent Contractor's" over $600 are allocated to get a 1099-Misc. Will this automatically change to knowing it needs to be 1099-NEC now? Or do I have to create a new Chart of Accounts and update/fix all the previous bills from this year?
Thank you,
CrossR
