Yes, this may be similar to a manufacture's incentive previously reported on Form 1099-MISC however, Form 1099-NEC is to report income paid to an independent contractor. Form 1099-MISC is no longer used to report this type of income.
You will report the amount on your 1099-NEC on Schedule C Part 1 Line 6.
To enter your 1099-NEC in TurboTax follow these steps:
- Open or continue your return
- Search for schedule c and click the Jump to link in the search results
- Answer Yes to Did you have any self-employment income or expenses?
- Follow the on-screen instructions to enter your self-employment information
This TurboTax link Where do I enter Schedule C? has additional information you may find useful.
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