Be sure you are entering the 1099-NEC information attributable to a business when you are in the section of TurboTax for that particular business. Please follow these steps:
- In your return, click Income and Expenses and then click the Start/Revisit box in the Self-Employment section.
- On the Your 2020 self-employed work summary screen, click on Edit next to your business.
- Click on the box Add income for this work.
- On the Let's enter the income for your [XX][ work, mark the radio button next to Form 1099-NEC, new IRS form for nonemployee compensation (replaces 1099-MISC)
and click Continue at the bottom of the screen.
- Enter the information from the 1099-NEC on the next screen.
- You will be brought back to the Here's your [XX] Info screen to select another category of income or expense.
- When you are finished with this business, click Done at the bottom of the screen. You will be asked a few more questions about that business and then brought back to the Income and Expenses screen.
- Start with Step 1 to enter income and expenses for another business.
