Ammiethomas
Guest
Dec 01, 2025
9:31 PM
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The key difference is simple: use the 1099-NEC to report payments for services provided by freelancers, contractors, or other non-employees. Since 2020, this category has its own form. Use the 1099-MISC for all other miscellaneous payments, such as rent, prizes, royalties, or legal settlements. Filing the correct form is critical for IRS compliance. Always match the form to the type of payment, not just the recipient.
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