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Level 5
February 3, 2022
Question

1099 NEC

  • February 3, 2022
  • 2 replies
  • 33 views

the new form NEC that replaces the MISC doesn't come through to the summary page of income?

--should i enter it as if it was the MISC form?

2 replies

Level 15
February 3, 2022

No, it must be entered either by entering the form itself, or you can enter the income directly on the Schedule C because you are not required to enter the Form 1099-NEC itself to complete your tax return. Simply follow the steps to enter your self employment activity and use 'cash' to enter your income. This income is considered income from your services as a self-employed individual.

 

Do NOT use 1099-MISC entry for this income.

 

 

 

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OldCarGuyAuthor
Level 5
February 3, 2022

thanks