You can preview Form 1099-NEC in the last week of November. Form 1099-NECs will be available to review and download for eligible contractors between January 11 and 15, 2027.
You must use Wave in a web browser to complete the steps in this article.
What is Form 1099-NEC?
Form 1099-NEC is a tax form for 1099-NEC contractors, which includes all payments made to them in the calendar year.
Wave generates and files a Form 1099-NEC for contractors paid $2,000 or more during the calendar year. This is in accordance with updated federal requirements under the One Big Beautiful Bill Act (OBBBA) for tax year 2026.
If a contractor operates in a state with a lower reporting threshold, Wave will still generate and file Form 1099-NEC once that state’s threshold is met.
How you pay the bill does not affect whether the payment is included on a 1099-NEC. The bill payment date determines whether it is included, not the bill date.
Missing a Form 1099-NEC?
If you are missing a Form 1099-NEC for a contractor you paid, ensure they were marked as a 1099-NEC contractor when created and that all bill payments have been recorded in Wave.
Review Form 1099-NEC
To review Form 1099-NEC, review the 2026 amounts for 1099-NEC contractors in your Purchases by Vendor report.
If you need to make a correction on a 1099-NEC Form after December 31, 2026, our Support Team can help. Open Mave, Wave’s automated chatbot, and request to speak with a Support Agent.
Download Form 1099-NEC
If you have an active subscription to Wave’s payroll feature, Wave automatically files Form 1099-NEC on your behalf. For proof of filing, review your Payroll > Tax Forms page.
Your 2026 Forms 1099-NEC will be available for download between January 11 and 15, 2027. You must have an active subscription to Wave’s payroll feature to download 1099-NEC forms. To download your forms:
- On the left-side menu, click Payroll > Tax Forms.
- Select the year from the dropdown menu at the top of the page.
- At the far right of the form you want to download, click Download.
Provide each Copy B to the relevant contractor outside of Wave. Copy C is for your records.