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Get your taxes done using TurboTax
The IRS has reintroduced Form 1099-NEC as the new way to report self-employment income instead of Form 1099-MISC. This was done to help clarify the separate filing deadlines on Form 1099-MISC. The new 1099-NEC form will be used starting with the 2020 tax year.
In TurboTax Self-Employed you will post this under:
- Income & Expenses
- Self-Employment Income & Expenses
- If you've already started entering the business you will select REVIEW
- Select Add income for this work
- Under Common Income
- Select Form 1099-NEC
About FORM 1099-NEC How to File Taxes with IRS Form 1099-NEC
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ā€ˇFebruary 2, 2021
4:59 AM