The 1099-NEC Printable Form is produced to report any Nonemployee Compensation to a Vendor. The information on this form is organized so that it can be printed directly onto a 1099-NEC Form and then sent to both Vendors and the IRS for tax purposes.
Important Note on Printing
When printing this form, ensure to update the following printer settings:
Adobe
When printing from Adobe, the 'Page Sizing & Handling' should be set to 'Actual Size.'
Chrome
When printing from Chrome, 'Scale' should be set to 'Default.'
Navigation
The My Reports search bar can be used to search R365's entire catalog of reports.
- Open the Reports app.
- Navigate to My Reports.
- Enter all or part of the report name in the search bar.
- The Results tab will open with the list of search results.
- From beneath the report name, click Run to run the report with the selected report view.
-OR-
Click Customize to adjust the report parameters and run the report.
Report Parameters
Field/Column | Description |
|---|---|
Year | The year the form is run for. Default: last year. |
Legal Entity | A listing of all legal entities that can be selected. |
Vendor | A listing of all 1099 vendors associated with the chosen legal entity. |
Common Payer | Runs the legal entity as a common payer, as long as it is also marked as one on its legal entity record. |
Threshold Amount | The minimum payment threshold for vendors. The default amount is set to $600. |
Download Button | Exports the form as a PDF. |
Report Details
Field/Column | Description |
|---|---|
Payer's Name and Address | The legal entity's name and address. |
Payer's TIN | The legal entity's taxpayer identification number. |
Recipient's TIN | The vendor's taxpayer identification number. |
Recipient's Name | The vendor name. |
Recipient's Street Address | The vendor's street address. |
Recipient's City, State, Zip Code | The vendor's city, state, and zip code. |
Box 1 Rents (1099-MISC) | Reports rental income, such as payments for office space, equipment rentals, or land use, made to the recipient. |
Box 1 Nonemployee Compensation (1099-NEC) | Reports payments of $600 or more made to nonemployees (e.g., independent contractors, freelancers, or service providers) for services performed during the tax year. |
Box 2 Royalties | Reports royalty payments of $10 or more, including those for copyrights, patents, and natural resources. |
Box 3 Other Income | Reports income not reportable elsewhere on the form (e.g., prizes, awards, or punitive damages). |
Box 4 Federal Income Tax Withheld | Reports any federal income tax withheld due to incorrect taxpayer information or backup withholding, applicable on both MISC and NEC forms. |
Box 5 Fishing Boat Proceeds | Reports a crew member’s share of proceeds from the sale of catch on a fishing boat with fewer than 10 crew members. |
Box 5 State Tax Withheld | Reports state income tax withheld from the payment to the recipient, applicable on both MISC and NEC forms. |
Box 6 Medical and Health Care Payments | Reports payments of $600 or more made to providers of medical or health care services (doctors, clinics, etc.). |
Box 7 Direct Sales Over $5,000 | Indicates the payer made direct sales totaling $5,000 or more of consumer products to the recipient for resale. No dollar amount shown—just a checkbox. |
Box 8 Substitute Payments in Lieu of Dividends or Interest | Reports substitute payments made instead of dividends or interest, typically under a securities lending arrangement. |
Box 9 Crop Insurance Proceeds | Reports proceeds of $600 or more paid to farmers by insurance companies for crop losses. |
Box 10 Gross Proceeds Paid to an Attorney | Reports payments to attorneys of $600 or more for legal services, including gross proceeds from legal settlements. |
Box 11 Fish Purchased for Resale | Reports amounts paid to sellers of fish or other aquatic life for resale purposes. |
Box 12 Section 409A | Reports deferrals under a nonqualified deferred compensation plan subject to Section 40 |