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I can't submit my return because a form hasn't been finalized yet. I have a 1099-NEC. What does this mean and when will I be able to efile it?
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January 29, 2021
6:55 AM
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Get your taxes done using TurboTax
Same here and it shows that today is the day that we can get this finished and finalized, but still nothing.
January 29, 2021
7:05 AM
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Get your taxes done using TurboTax
You are self-employed as you have a form 1099-NEC. Your self-employed income is qualified business income and you are eligible for the 20% Qualified business income deduction. This deduction is calculated on form 8995 which will be ready on or around 01/2/2021. Please be patient as it could be late by a day or two.
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January 29, 2021
7:09 AM
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