The Form 1099-NEC can be removed due to this experience. You can enter your cash sales without using the Form 1099-NEC if you choose. Delete the form and then follow the steps below to enter it as a 'cash' payment not reported on any form.
The income can be entered directly, without using the 1099-NEC . The following steps will help.
- Sign into your TurboTax account > Select Wages & Income
- Scroll to Self-Employment Income and Expenses > Edit/Add
- Select Add/Edit beside the self-employment activity
- Enter your Additional Income receipts for 2020 (see image above)
- Retain your Form 1099-NEC with your files.
The IRS does not required the actual form entry, only that all income is included in your return. The screen image is showing the selection to add cash income without using the 1099-NEC. Keep the document with your tax records.
If you prefer, you can also enter your email for notification of the update by clicking here, then scrolling to 'please update here' to enter your email.
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