Do 1099 MISC and NEC need to be filed separately withing QB online

Hi there, Kirsten. I'm here to help.

Yes, these forms must be handled separately within QuickBooks Online (QBO) because they report different types of payments. Let me add further on this.

First, if you paid your vendor at least $600 for rent, awards and prizes, attorney payments, and other income payments, you will 1099-MISC form for the vendor. However, if you pay an independent contractor over $600, you should issue a 1099-NEC to the contractor and tax authorities. For more details about the difference between 1099-MISC and 1099-NEC, kindly check out this article: 1099-MISC vs. 1099-NEC: Differences, deadlines.

Next, please ensure that the expense accounts are mapped correctly for each form to prevent any mixing of payments when you prepare your 1099s. You can refer to this IRS guide to help you in this task: Instructions for Forms 1099-MISC and 1099-NEC (Rev. January 2024).

When you're ready to prepare and file your 1099s, you can refer to this guide for the detailed steps: Create and file 1099s with QuickBooks Online.

Also, should you encounter issues missing contractors or changes in amount throughout the preparation process, let me add this reference: Troubleshoot missing contractors or wrong amounts on 1099s.

Let us know if you require further assistance setting up or filing your 1099 forms. We're here to assist. Take care.