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Retirement tax questions
When you enter into the business section in TurboTax, on the page that says Your (name of business) Business, you will see a section for Business Expenses, where you need to click on Other Common Business Expenses:
Then you will see an option for Contact labor, and when you click on that option, you will see an option for Create and file W-2's and 1099's online with TurboTax Quick Employer Forms. Use the link there to prepare your 1099-NEC form. On the bottom of that page, you will see an option to enter a description and amount paid for the subcontract labor expense.
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‎January 16, 2024
6:09 PM