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Deductions & credits
Box 7 of form 1099-MISC is for information only. It only states that the payer has sold you more than $5,000 of goods for resale. If there is no other information on that form 1099-MISC, you do not need to enter it in TurboTax. This information does not replace form 1099-NEC if you should have received one.
If you do not receive any form 1099-NEC, you should report your gross income as Other Self-Employed income.
You report the income you received in cash, checks or bank transfers or without a 1099-NEC as self-employed income under Other self-employed income.
- In business income, just under Type of Income, click on Add Income for this work
- On the next page, click on the radio button next to Other Self-employed Income
- Click Continue to enter your income received in cash, checks or bank transfers.
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March 8, 2021
1:44 PM