I use TT Self-Employed online and Employee Forms to send 1099s. It tells me I can file 1099 with Self Employeed but another says I must use Business? What is correct?

gwilliams40 · ‎January 17, 2021

I have always used Turbotax Self Employeed online and in the business section it allows me to use Employee Forms to generate 1099-Misc. Now when I go to the link it says I must use TurboTax Business download for $160. What is the correct way to generate employee 1099-Misc in TurboTax?

VolvoGirl · ‎January 17, 2021

You can use the online Self Employed version to access the Quick Employer Forms. How to create W2s and 1099

https://ttlc.intuit.com/community/forms/help/how-do-i-create-w-2-and-1099-forms-in-turbotax/00/25869

Critter-3 · ‎January 17, 2021

A new form (1099-NEC) has replaced Box 7 of Form 1099-MISC.

See https://www.irs.gov/pub/irs-pdf/f1099nec.pdf

What is Form 1099-NEC?

https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-form-1099-nec/L5fbwIFSn

What is NEC?

If the following four conditions are met, you must generally report a payment as NEC.

You made the payment to someone who is not your employee.
You made the payment for services in the course of your trade or business (including government agencies and nonprofit organizations).
You made the payment to an individual, partnership, estate, or, in some cases, a corporation.
You made payments to the payee of at least $600 during the year.

I use TT Self-Employed online and Employee Forms to send 1099s. It tells me I can file 1099 with Self Employeed but another says I must use Business? What is correct?

Business & farm

Business & farm

What is Form 1099-NEC?