Form 1099-NEC specifically reports Nonemployee Compensation, including grant funds received for child care.
To enter your Form 1099-NEC in TurboTax:
- Open or continue your return.
- Navigate to 1099-NEC:
- TurboTax Online/Mobile: Go to 1099-NEC.
- TurboTax Desktop: Search for 1099-NEC and select the Jump to link.
- Select Self-Employment: Even though it might not seem like the perfect fit, select "Self-Employment." This is because the IRS treats 1099-NEC income as non-employee compensation, which typically falls under self-employment. See the article here.
- Next enter the amount from box 1.
- When you’re done, Turbo ask you a few questions and help you through entering any expenses you may have so that you can reduce your taxable income.
[Edited 02/22/2025|05:46 pm PST] @Panthermartin1