LinaJ2020
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Get your taxes done using TurboTax

If this is referring to Form 1099-NEC, here is update:

 

This issue has been resolved.  Please click on the following link:

 

Why am I not able to link my 1099-NEC

 

 

One of the most common reasons you’d receive tax form 1099-NEC (Form 1099-MISC in prior years) is if you're self-employed or did work as an independent contractor during the previous year. The IRS refers to this as “nonemployee compensation.”

  • In most circumstances, your clients are required to issue Form 1099-NEC when they pay you $600 or more in any year.
  • As a self-employed person, you're required to report your self-employment income if the amount you receive from all sources totals $400 or more. 

Your self-employment net profit will show on your Schedule 1 line 3 and line 8 of your Form 1040. 

 

 

If this is referring to a Form 1099-DIV, read here:

 

 

This issue has been fixed.  Make sure you update the program.  Click here:

 

1099-DIV needs review

 

 A common reason for receiving a 1099-DIV form is because some of the stocks you own pay dividends, or a mutual fund you invest in made a capital gains distribution to you during the year. It is possible that you might also receive US government related funds that are tax exempt.  You won’t file the 1099-DIV with the Internal Revenue Service, but you will need the information it reports when preparing your tax return.

 

For more information, click here: 1099-DIV

 

 

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