The Form 1099-MISC has been changed for 2020 and it seems you may have a form that is outdated. However this can be filed easily by using the Form 1099-NEC entry which is the replacement form for Box 7, Form 1099-MISC.
When you are signed into your TurboTax account follow the steps below.
- Select Wages & Income > Self-employment Income > Review
- Select the business where you want to enter your 1099-NEC
- Skip import > Select Form 1099-NEC, new IRS form for nonemployee compensation (replaces 1099-MISC) > Continue
- Enter your data from the 1099-NEC (Box 1 is where you will enter your Box 7 amount)
NOTE: You can also choose to enter this as a cash payment of business income by selecting Other self-employed income, includes 1099-K, cash, and checks (if you choose this, delete the 1099-NEC). Currently, there is a known issue where the spouse is not connected with the form should this be applicable to your situation.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
