Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
gwilliams40
Returning Member

I use TT Self-Employed online and Employee Forms to send 1099s. It tells me I can file 1099 with Self Employeed but another says I must use Business? What is correct?

I have always used Turbotax Self Employeed online and in the business section it allows me to use Employee Forms to generate 1099-Misc.  Now when I go to the link it says I must use TurboTax Business download for $160.  What is the correct way to generate employee 1099-Misc in TurboTax?
2 Replies
VolvoGirl
Level 15

I use TT Self-Employed online and Employee Forms to send 1099s. It tells me I can file 1099 with Self Employeed but another says I must use Business? What is correct?

You can use the online Self Employed version to access the Quick Employer Forms.  How to create W2s and 1099

https://ttlc.intuit.com/community/forms/help/how-do-i-create-w-2-and-1099-forms-in-turbotax/00/25869

Critter-3
Level 15

I use TT Self-Employed online and Employee Forms to send 1099s. It tells me I can file 1099 with Self Employeed but another says I must use Business? What is correct?

A new form (1099-NEC) has replaced Box 7 of Form 1099-MISC.

 

See https://www.irs.gov/pub/irs-pdf/f1099nec.pdf

 

 

 

 

What is Form 1099-NEC?

 

https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-form-1099-nec/L5fbwIFSn

 

 

 

What is NEC?

If the following four conditions are met, you must generally report a payment as NEC.

  • You made the payment to someone who is not your employee.
  • You made the payment for services in the course of your trade or business (including government agencies and nonprofit organizations).
  • You made the payment to an individual, partnership, estate, or, in some cases, a corporation.
  • You made payments to the payee of at least $600 during the year.
Dynamic AdsDynamic Ads
Privacy Settings
v