When to Use 1099-NEC vs 1099-MISC Simple Explanation with Examples

Thu, 15 Jan 2026 04:45:57 +0000

Understanding the difference between 1099-NEC vs 1099-MISC is crucial for accurate tax reporting in 2025. The 1099-NEC reports nonemployee compensation, while 1099-MISC covers miscellaneous income like rent and royalties.