Preparing 2024 1099 NEC

Welcome to the Community, @screenname.

It's wonderful to see your enthusiasm for learning how QuickBooks can assist with your tax preparation. I'm here to help guide you through managing your 1099 NEC form smoothly using QuickBooks Desktop (QBDT).

Before we begin, you need to make sure that you're able to get the latest QuickBooks update, select the Reset Update checkbox. 

Once done, you can follow these steps to file your 1099 NEC form:
 

1. Navigate to Vendors, select 1099 Forms, and then choose Print1099 Forms.
2. Always start by creating a backup of your data.
3. Click Get Started for the specific 1099 form you want to create. If you want both the 1099-NEC and 1099-MISC forms, you’ll have to repeat the steps for each. Remember that updates to the forms and boxes mean you should select your forms carefully. Some businesses use Nonemployee compensation, Box 1 for 1099-NEC, but you can always consult with your accountant for different types of payments. Please take note that if you’re filing in New Jersey or Wisconsin, there are special rules for boxes 16 and 17 on the forms. 
4. Choose the vendors requiring a 1099 form and press Continue.
5. Check and, if necessary, update vendor information by double-clicking any incorrect details. Press Continue once done.
6. Under the Apply payments to this 1099 box section, use the drop-down to link payment accounts to the appropriate form. Grayed-out boxes indicate they are mapped to the other form type.
7. Review payment information and exclude any necessary payments as outlined under What payments are excluded from a 1099-NEC and 1099-MISC.
8. Check the vendor details and amounts you’re reporting. Select Continue. If needed, you can view vendors below the IRS threshold under View Summary Report.
9. Print them.
    

These steps will help you manage your 1099 forms quickly and confidently in QuickBooks.

Moreover, you can refer to this article for further information with regard to filing your 1099s in QBDT: Create and file 1099s with QuickBooks Desktop

Furthermore, here's an article in which you can utilize if you want to make changes with contractors or amounts with your 1099s form in QBDT: Troubleshoot missing contractors or wrong amounts on 1099s

It's wonderful to hear that you're keen to learn how QuickBooks can streamline handling your forms in daily business transactions. Feel free to revisit this thread anytime you need more details on filing your 1099s. We're always here and happy to help.