Well, it moved to Form 1099-NEC, but still easy to get to. If you use Accounts Payable, then keep on reading.
The IRS made a few changes to form 1099-MISC, shown above. The old 1099-MISC Box 7 has been replaced with NEC Box 1. As shown below, we have changed the old Box 7 location to the new “NEC Box 1 – nonemployee compensation.” For year-end 2020 if you have any vendors that require a Form 1099-NEC, then you will need to run the Form 1099-NEC report. Also, if you have any vendors that have qualified entries in any other box besides the 3 NEC boxes, such as Box 2 rents or Box 10 Gross proceeds paid to an attorney, then you will need to run the Form 1099-MISC report.