SamS1
Expert Alumni

Retirement tax questions

Same place as the 1099-Misc.  Make sure your software is up to date.  You can do this by clicking "Online" in the top menu bar then "Check for Updates".  Under the "Business and Income" screen Start Business Income.  There you will see the input for the 1099-NEC Start.  Continue through the screens to enter the 1099-NEC.

 

The 1099-NEC is a new form for the 2020 tax year.  The NEC represents Non Employee Compensation and will be used for business payments to individuals going forward.