Is 1099 NEC Replacing 1099 MISC? 2025 Complete Guide

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2026-01-14 06:35:36 - Translate -

The 1099-NEC hasn't replaced the 1099-MISC entirely. Since 2020, nonemployee compensation moved to Form 1099-NEC, while 1099-MISC reports other income types like rent, royalties, and prizes. If you've been handling tax forms for contractors or freelancers, you've probably noticed some changes over the past few years. The introduction of Form 1099-NEC created confusion for many business owners...

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