Apply changes to 1099-NEC and 1099-MISC forms for 2020

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Important

This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.

Enabled for Public preview General availability
End users by admins, makers, or analysts - This feature is released. Aug 7, 2020

Business value

Enabling this feature ensures compliance with the 2020 IRS requirements for the 1099-NEC and 1099-MISC forms.

Feature details

This feature will add new 1099 fields for the 2020 1099-NEC form and update the 1099 fields for the 2020 1099-MISC form. Electronic filing for 2020 will not be impacted by this feature, since the IRS has not published the corresponding changes for electronic filing for the 1099-NEC and 1099-MISC forms.