gloriah5200
Expert Alumni

Retirement tax questions

1099-NEC income should display on Schedule C of the return as long as the questions setting up the Schedule C are completed, especially ownership

 

 

1099 NEC link to spouse

 

Why am I not able to link my 1099-NEC

 

Thank You for your patience

 

Beginning with the 2020 tax year, the IRS will require business taxpayers to report nonemployee compensation on the new Form 1099-NEC instead of on Form 1099-MISC. Businesses will need to use this form if they made payments totaling $600 or more to a nonemployee, such as an independent contractor.  This was done to help clarify the separate filing deadlines on Form 1099-MISC and the new 1099-NEC form will be used starting with the 2020 tax year.

 

If you are still unable to see your 1099-NEC income showing on Sch C, please refer to the following:

 

can't see 1099-NEC income on Schedule C