Investors & landlords

You'll need to provide forms 1099-NEC to contractors to whom you paid more than $600 during 2020 and file them with the IRS by January 31, 2021. You have to report the total amount paid to each contractor.

You can use TurboTax Self-Employed to prepare and e-file forms 1099-NEC.

To prepare forms 1099-NEC, follow these steps:

1. Sign out of your account and sign in again.  
2. On the landing page, click on the down arrow next to Your account then click on  Create W2s and 1099s.
3. You will be taken to the TurboTax Quick Employer Forms (QEF) website.
4. Sign in with your TurboTax username and password. If you do not have an account, click Create Account to create a new account. Note carefully the username and password as you need then if you need to retrieve the forms later.
5. After signing in, click on Create New Form
6. On the next page, choose the type of forms you wish to prepare then click Continue to begin entering information for your forms.