DMarkM1
Expert Alumni

Retirement tax questions

The nature of the new Form 1099NEC says that is "Self-employed" income.  It should have been issued on a 1099-Misc.  However, you can enter this as "Other reportable income" and indicate the form 1099NEC you received so the IRS can reconcile it. 

 

First delete the entry from the "Other Common Income" topic and/or self-employment topic to clear it.

 

Then,

  1. Click 'Wages & Income" tab
  2. Scroll down to "Less common income"
  3. "Show More"
  4. "Start/Revisit" Miscellaneous Income
  5. "Start/Revisit" Other Reportable Income
  6. "Yes"
  7. Enter description 1099-NEC Court Settlement
  8. Enter amount

 

 

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