Get your taxes done using TurboTax

If you would rather enter it as other income for self-employment income and expenses, follow these steps:

• First, use the search for 1099-NEC and click the Jump to link.
  • When you see Form 1099-NEC, click the Trash can Icon to delete it.
• Next, re-enter the income by searching for schedule c and clicking the Jump to link.
  • Add income for this work as Other self-employed income and Continue.
  • Describe the Type of Income as Form 1099-NEC, including the EIN and business name, too.
  • Enter the Amount and click Continue.
  • If there are no other adjustments, scroll down and select Done.
  • Follow through the rest of the interview and select Done with Income.

Form 1099-NEC is a new form for non-employee compensation that replaces what used to be reported on Form 1099-MISC.

From IRS Instructions for Forms 1099-MISC and 1099-NEC (2020)

Specific Instructions for Form 1099-NEC

File Form 1099-NEC, Nonemployee Compensation (NEC), for each person in the course of your business to whom you have paid the following during the year:

• At least $600 in:

1. Services performed by someone who is not your employee (including parts and materials) (box 1);
2. Cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish (box 1); or
3. Payments to an attorney (box 1). (See Payments to attorneys, later.)
    

Specific Instructions for Form 1099-MISC

File Form 1099-MISC, Miscellaneous Income, for each person in the course of your business to whom you have paid the following during the year:

• At least $10 in royalties (see the instructions for box 2) or broker payments in lieu of dividends or tax-exempt interest (see the instructions for box 8).
• At least $600 in:
  1. Rents (box 1);
  2. Prizes and awards (box 3);
  3. Other income payments (box 3);
  4. Generally, the cash paid from a notional principal contract to an individual, partnership, or estate (box 3);
  5. Any fishing boat proceeds (box 5);
  6. Medical and health care payments (box 6);
  7. Crop insurance proceeds (box 9);
  8. Payments to an attorney (box 10) (see Payments to attorneys, later);
  9. Section 409A deferrals (box 12); or
  10. Nonqualified deferred compensation (box 14).

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