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 🙂
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.
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.