1099 - Misc

Forum|Forum|5 years ago
January 1, 2021
10 replies
34 views

Why will Turbo Tax Home & Business 2020 not permit me to load my 2020 1099-MISC income?

TurboTax Home & Biz Windows

AmeliesUncle

Level 15

It will.

But if you are an Independent Contractor who received "Nonemployee Compensation", that is no longer on the 1099-MISC. That is now on the 1099-NEC.

kes59

Level 2

I ran into the exact same issue. How are we suppose to report income on a 1099-NEC? Is it considered general income or do we need to wait for an update to TurboTax?

macuser_22

Alumni - Champ

There will be many updated to TurboTax as forms become available. Most people will not even receive the 1099-NEC until after Jan 31. By then TurboTax should be updated. Do not be in a hurry.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

mfjung

Level 2

the 1099 Misc has been changed to 1099 NEC (non-employee compensation). Where is the 1099 NEC on turbo tax 2020?

Critter-3

Level 15

It will be in the same place as the 1099 misc used to be. So if you're self-employed go to the schedule c input area and when you reach the income entry area you will see it.