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Get your taxes done using TurboTax
Always enter exactly what is on a Form when reporting it in TurboTax. The IRS receives a copy of the form and will match your entry with the information on the form. Keep a copy of both 1099-NEC's, the original and the corrected one with your 2020 tax records.
It is unusual to have a 1099-NEC with zero in Box 1. Make sure you have good notes to explain this if you are ever asked about it.
@edvroomans
March 22, 2021
5:53 PM
3,515 Views