nonemployee compensation

wicknwobin · ‎February 11, 2021

I received a 1099-NEC form with a figure in box 1. This was a royalty or commision , or rebate, not quite sure what term I should use. This was from product that I purchased, and other people purchased using my name as a contact.

What Turbo Tax product do I need for this, and what forms or schedules do I need? thank you

CatinaT1 · ‎February 11, 2021

A 1099-NEC is used to report Non-Employee Compensation. If this was for a royalty or commission, it should be reported as other income in box 3 of a 1099-Misc. You will need to contact the issuer for a corrected form.

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