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Get your taxes done using TurboTax
Hi, hope all is well. When I go through the sequence and add the 1099-NEC for the Lawsuit Settlement...I enter that "this is money from a lawsuit settlement" and that none of this settlement is for back wages (No). When the 1099 NEC shows up...it's saying "Missing Info!" where the 1099-NEC summaries are.
I'm assuming this is supposed to link to Schedule 1, line 8, but the program doesn't appear to be doing that as the income isn't being recorded. I obviously don't want this to be subject to "self employment tax" by going through the self employment process for 1099 NEC.
I saw another message that there may be a known issue with Turbo Tax online for this 1099 NEC lawsuit income.
Any ideas or ways to solve?'
Thanks Much.
Terry
‎April 17, 2023
5:39 PM