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Get your taxes done using TurboTax
The amount from the 1099-NEC was for a performance award, and so one would expect it to have been covered under a 1099-MISC. But the wrinkle is that my company is part of a joint venture, and the JV is the entity that actually gave me the award. What I am most concerned with is that TurboTax is subsequently saying that my non-existent "business" qualifies me for some type of business deduction, and that can't be right (right?).
May 16, 2021
6:58 PM