Instructions for Forms 1099-MISC and 1099-NEC (01/2024)
https://www.irs.gov/instructions/i1099mec
WEBForm 1099-NEC, box 2. Payers may use either box 2 on Form 1099-NEC or box 7 on Form 1099-MISC to report any sales totaling $5,000 or more of consumer products for resale, on a buy-sell, a deposit-commission, or any other basis. For further information, see the instructions, later, for box 2 (Form 1099-NEC) or box 7 (Form 1099-MISC).
DA: 5 PA: 32 MOZ Rank: 95