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New Member
posted Jan 24, 2021 8:52:55 AM

How and where can I fill out and print a 1099NEC FORM

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3 Replies
Intuit Alumni
Jan 24, 2021 9:09:25 AM

You can click here to find out more details on the 1099 -NEC form. It should be available by February 1. 

Level 15
Jan 24, 2021 9:12:22 AM

I believe it's ready now.  You have to issue it by Feb 1.

 

You need to give a 1099NEC (previous a 1099Misc) to anyone you paid $600 or more to for the year. But not to corporations or for merchandise. You send the IRS a copy of the 1099Misc with the transmittal summary form 1096. These are due to the person by Jan 31 and to the IRS by Jan 31 also.

 

Starting in 2020 they added a new 1099NEC form to replace the 1099Misc.  If you are using the Online Self Employed version or Desktop Home & Business program or Business program you can use Turbo Tax.

 

For Online Self Employed version,

Log into your account

Scroll down to Your Account and click on Show

Click on Create W-2s and 1099s

 

In your return, Anywhere on any screen you see....

Help me prepare and file W-2s and 1099s

Click on it and the side box will open, Then click on Quick Employer Formsin the side box.

Or from the Account Screen it will take you directly to Quick Employer Forms

 

See my answer with screen shots at the end of this thread

https://ttlc.intuit.com/community/business-taxes/discussion/can-i-use-quick-employer-forms-with-turbotax-self-employed-the-quick-employer-forms-website-says-i/00/985219

Level 15
Jan 24, 2021 9:19:00 AM

Here's some other links.....

What is Quick Employer Forms

https://ttlc.intuit.com/community/forms/help/what-is-quick-employer-forms/00/25916

 

How to create W2s and 1099

https://ttlc.intuit.com/community/forms/help/how-do-i-create-w-2-and-1099-forms-in-turbotax/00/25869

 

or here is IRS 1099NEC

https://www.irs.gov/pub/irs-pdf/f1099nec_20.pdf

 

And instructions for 2021 (can't find 2020 instructions)

https://www.irs.gov/pub/irs-pdf/i1099mec.pdf

 

You will also need the 2020 1096 Transmittal

https://www.irs.gov/pub/irs-pdf/f1096.pdf