Hello,
I am using the Mac Home and Business version of Turbotax 2023.
My business paid a firm over $600 from a checking account and I am trying to understand the intricacies of generating a 1099-NEC for them and had the following questions:
1. I launch turbotax and on the first screen click on the link in the grow your business section and that takes me to https://quickemployerforms.intuit.com/home where I fill the appropriate information correct?
2. Once I fill it, the e-file forms is greyed out. I know the deadline is Jan 31 but when does it start?
3. Do I need to print and mail the form to the firm or can I email it or does turbotax automatically send it the firm as well?
4. Anything else I need to know or do once I finish the form here in the actual turbotax other than ensuring the expense is included in my expenses?
5. Lastly, if I use a credit card, I do not have to worry about this form and do not have to do anything else, correct?
Thank you!
