Filers must issue 1099-NEC to report nonemployee compensation (NEC) amounts that previously, were reportable on Form 1099-MISC Miscellaneous Income (Box 7).

Prior to Tax Year 2020, separate reporting dates for NEC and non-NEC amounts on 1099-MISC proved challenging to filers. Hence the reintroduction of 1099-NEC, last used in Tax Year 1982.