Which 1099 form will you need for 2020?
The new 1099-NEC forms for reporting payments of $600 or more to:
Non-employees (contractors)
1099-MISC forms for reporting other miscellaneous payments of $600 or more for:
Rents
Royalties
Other income
Fishing boat proceeds
Medical and health care payments
Substitute payments in lieu of dividends or interest
Crop insurance proceeds
Gross proceeds paid to an attorney
Excess golden parachute payments
Non-qualified deferred compensation