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January 6, 2023
Question

Hi I need help with 1099 reporting manually excluding reimbursements from NEC box.

  • January 6, 2023
  • 1 reply
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Manually exclude transactions from NEC Box

1 reply

MJoy_D
January 6, 2023

 I can share some information with excluding transactions from 1099-NEC, @priyanka-emerson.

 

Payments to 1099 vendors made via credit card, debit card, or third-party system, such as PayPal, are excluded from the 1099-MISC and 1099-NEC calculations.

 

QuickBooks always depends on the information entered. I suggest going to the bank register page and verifying the payment method being used and making any changes if necessary. This way, it can be excluded from your 1099-NEC.

 

Refer to this article for more information about payments that should be excluded from your forms: Understand which payments are excluded from a 1099-NEC and 1099-MISC

 

If you don't e-file with Intuit, here's detailed guidance on how you can print your 1099 and 1096 forms.

 

Let me know if you have follow-up questions about excluding transactions from 1099-NEC. I'm here to help. Have a great rest of the day!