Question
1099-NEC Box 2 incorrectly checked
My wife is an artist, has an LLC, and files a Schedule C each year.
She received a form 1099-NEC from a gallery she consigns art to. The 1099-NEC had the correct amount of sales listed in Box 1, but also, I think, incorrectly had Box 2 checked ("Payer made direct sales totaling $5,000 or more of consumer products to recipient for resale").
Since she will be reporting the art sales on line 1 of Schedule C, does it make any difference that the issuer of the 1099-NEC incorrectly checked Box 2? Does she need to have it corrected, or can she just ignore it?
Thanks.
