2475669
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

1099-NEC received that should have gone elsewhere

Hi there,

 

        I am in a bit of a jam. I just got 3 separate 1099-NEC forms that should have gone to a company that is now closed or in the process of closing. I didn't do any type of work for any of the contractors, never filled out a W9 for them and I was told there is a way I can nominate these to the company they are supposed to go to. How do I accomplish this in the program I am using? I currently use Turbo Tax Home & Business.  Thank you 🙂 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
ColeenD3
Expert Alumni

1099-NEC received that should have gone elsewhere

Yes, you can nominee this income to its proper recipient. In Home and Business, create a Schedule C and enter the income. Then, as a miscellaneous deduction, indicate to whom you wish to nominee the income.

 

If you're self-employed, it's likely you need to fill out an IRS Schedule C to report how much money you made or lost in your business.

We'll automatically complete Schedule C for you when you add your self-employment income in TurboTax (usually Form 1099-NEC or 1099-MISC). It gets attached to your Form 1040, which we'll also handle for you.

If you need Schedule C to report a 1099-NEC or 1099-MISC, search for 1099-NEC or 1099-misc and select the Jump to link. We'll ask questions to find out if your 1099 income needs to go on Schedule C.

View solution in original post

1 Reply
ColeenD3
Expert Alumni

1099-NEC received that should have gone elsewhere

Yes, you can nominee this income to its proper recipient. In Home and Business, create a Schedule C and enter the income. Then, as a miscellaneous deduction, indicate to whom you wish to nominee the income.

 

If you're self-employed, it's likely you need to fill out an IRS Schedule C to report how much money you made or lost in your business.

We'll automatically complete Schedule C for you when you add your self-employment income in TurboTax (usually Form 1099-NEC or 1099-MISC). It gets attached to your Form 1040, which we'll also handle for you.

If you need Schedule C to report a 1099-NEC or 1099-MISC, search for 1099-NEC or 1099-misc and select the Jump to link. We'll ask questions to find out if your 1099 income needs to go on Schedule C.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question