The 1099-NEC is used to report non-employee compensation. This will be entered as self-employment income on your tax return if the annual payments exceed $400. To enter the 1099-NEC in TurboTax, follow these steps:
- Sign in to TurboTax
- Select Wages & Income
- Select Self-Employment Income
- Click Add a line of Work
- Answer interview questions
- When you get to "Let's enter your income for work", select 1099-NEC
- Enter information from 1099-NEC (if you have multiple, enter them separately)
For more information, see the link below:
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