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Get your taxes done using TurboTax
Yes. There is a new Form 1099-NEC (stand for non-employee compensation) that must be used for those you have paid for services that is greater than $600.
When you are signed into your TurboTax Online account Select Income & Expenses tab
Select Review beside Self-Employment income > Review beside the business
Edit Required to send 1099s (even if you already have 'Yes' marked
This will allow you to return to the screen where you can click the hyperlink 'Help me prepare and file W-2s and 1099s'
Click on Quick Employer Forms at this point while you are in the tax return
For 2020, if you are paying anyone for services you must file Form 1099-NEC.and is provided in the Quick Employer Forms. Here is an article with more information.
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‎January 20, 2021
9:55 AM