Something went wrong somewhere. The entire purpose of Form 1099-NEC is to differentiate it from every other type of miscellaneous income. Nonemployee compensation used to be reported on Form 1099-MISC, but taxpayers were including it as other income so, as of 2020, it is now reported on the new form.
If you look on the back of the form, there are clear instructions that this income is reported on Schedule C.
Box 1. Shows nonemployee compensation. If the amount in this box is SE income, report it on Schedule C or F (Form 1040) if a sole proprietor, or on Form 1065 and Schedule K-1 (Form 1065) if a partnership, and the recipient/partner completes Schedule SE (Form 1040).
Follow these steps to go to the Schedule C section of your return:
- On the top right corner of TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner).
- Type in “schedule c” (or for CD/downloaded TurboTax, click Find).
- Click on “Jump to schedule c”.
- Click on the blue “Jump to schedule c” link
