Yes you enter the 1099-NEC appropriately. The IRS considers any income that is reported on a 1099-NEC as taxable income. A 1099-NEC is used when income other than employment income is given in the amount over $600. To enter in TurboTax, follow these steps:
- Sign In to TurboTax
- Choose Wages & Income
- Select Other Common Income
- Select 1099-NEC
- Answer Interview Questions
For more information on 1099-NEC, see the link below:
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