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michaelbrown1103
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2020 HOME AND BUSINESS. WHERE DO I ENTER NONEMPLOEE COMPENSATION FOR CONTRACTORS

 
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‎January 9, 2021 7:00 AM
last updated ‎January 09, 2021 7:00 AM
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tagteam
Level 15
Level 15

2020 HOME AND BUSINESS. WHERE DO I ENTER NONEMPLOEE COMPENSATION FOR CONTRACTORS

Are you trying to enter compensation you received or generate a tax reporting statement to be issued to contractors you paid.

 

Nonemployee compensation is now entered on Form 1099-NEC, which is supported by TurboTax Home & Business. 

 

If you are trying to enter compensation you received, first update your software. You can enter the figure as 1099-NEC income or General Business Income, both found under the Business tab in the program.

 

 

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‎January 9, 2021 7:10 AM
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tagteam
Level 15
Level 15

2020 HOME AND BUSINESS. WHERE DO I ENTER NONEMPLOEE COMPENSATION FOR CONTRACTORS

Are you trying to enter compensation you received or generate a tax reporting statement to be issued to contractors you paid.

 

Nonemployee compensation is now entered on Form 1099-NEC, which is supported by TurboTax Home & Business. 

 

If you are trying to enter compensation you received, first update your software. You can enter the figure as 1099-NEC income or General Business Income, both found under the Business tab in the program.

 

 

‎January 9, 2021 7:10 AM
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