The descriptions in the vendor defaults have been updated in the 2022 release. If you are on 2021.1.1 or earlier, please upgrade to the latest version.
Below is a grid that lists where prior year mapping is mapped for the new 1099s.
1099 Item | 2019 Reporting | 2020 Reporting |
Non-employee compensation | 1099-MISC Box 7 | 1099-NEC Box 1 |
Payer made direct sales $5000 or more consumer product | 1099-MISC Box 9 | 1099-MISC Box 7 |
Crop Insurance Proceeds | 1099-MISC Box 10 | 1099-MISC Box 9 |
Gross Proceeds paid to attorney | 1099-MISC Box 14 | 1099-MISC Box 10 |
[BCB:161:Chat 50 US:ECB]