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Box 3 of 1099-MISC reporting
February 28, 2022
Q. Do my 1099-MISC vendors' amounts go in Box 3?
A.
(Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.)
It depends on what the payments to vendors were for. 1099 reportable vendors paid for services are reported on Form 1099-NEC, not the 1099-MISC. 1099 reportable vendors paid for rent are reported in box 1 of Form 1099-MISC. 1099…
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