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Can I use 1099-NEC to replace 1099-MISC? The answer is No.

Form 1099-NEC is not a replacement for Form 1099-MISC. Form 1099-NEC is designed to report nonemployee compensation only. Beginning with tax year 2020, you need to issue 1099-NEC form to your contractors.

Learn more about 1099-NEC form, click the link below.

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