@DanielV01 wrote:
@Opus 17 Not sure this is a bug, it sounds like the wrong form was issued. @Threedogdays should have received a 1099-MISC and not a 1099-NEC. It might be necessary to go back and ask for the form to be corrected.
Agree on that, however...
If Turbotax allows the option to choose "this was a settlement" and "it was not for wages" then the program should act appropriately on those responses and not create errors. 1099-NEC forms can be issued in error, and previous versions of Turbotax (before the 1099-NEC was introduced) had the ability to allow taxpayers to claim that 1099-MISC box 7 income was really not compensation (and it would be up to the taxpayer to prove it if necessary.). That same functionality should be preserved now.
