Yes. You need to file self-employment income reported on 1099-NEC on your 2020 income tax return. In Turbo Tax, follow the steps below to enter 1099-NEC:
- Under Income and Expenses, jump to Self-employment Income and Expenses, click start.
- There are questions along the way and must be answered to get to "Lets enter the income for (your income).
- Choose 1099-NEC, new IRS form for non-employee compensation (replaces 1099-MISC).
- Click continue to enter your FORM 1099-NEC
