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New Member
posted Dec 28, 2023 2:25:02 PM

How do I issue a 1099 NEC to contractors for FY 2023?

I'm a single member LLC trying to issue a 1099 NEC to a subcontractor.   Does turbotax do this?

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2 Replies
Level 15
Dec 28, 2023 2:27:27 PM

Sign in and open or continue your return.Search for 1099-NEC and select the Jump to link. Answer the questions and continue through to enter the information from your form. If you have multiple 1099-NECs to enter, you can select +Add Another 1099-NEC on the 1099-NEC Summary screen

Level 15
Dec 28, 2023 2:32:23 PM

Yes.  You can prepare W2 and 1099NEC & 1099MISC in either the Desktop Home & Business program or the Online Premium version.

 

How to prepare 1099Misc & W2
https://ttlc.intuit.com/community/forms/help/how-do-i-create-w-2-and-1099-forms-in-turbotax/00/25869

 

You can do them 2 different ways from the Windows Desktop Home & Business program. Either Online using Quick Employer Forms (QEF) -or- directly on your computer with the built in W2/1099 Reporter. 


If you pick the choice to prepare them on your computer instead of Online you will have to print and mail them to the IRS (which the IRS doesn't want you to do). You can only efile using the QEF Quick Employer Forms.

 

If you buy the Windows Home & Business program I just wrote  up the new steps for them this year.