Hello @jp599,
You're on the right track in updating and installing the latest version of QuickBooks. Let me help share information about how you can prepare your 1099 NEC forms.
To start with, you'll have to modify your chart of accounts and create a new account to be used to track the payments made for your 1099 - NEC forms.
That being said, learn more about how you can prepare the form with the detailed steps outlined in this article: Learn what you need to do in QuickBooks if you need to file both a 1099-MISC and 1099-NEC.
Additionally, I've also included these helpful articles for your guidance once you need to art your year-end preparations:
If you have any other questions, please let me know in the comments down below. I'll be here to lend a hand. Stay safe and well!
