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Self employed
Form 1099-NEC specifically reports Nonemployee Compensation, which you may have gotten in previous years on a 1099-MISC. So, if you worked as a freelancer or contractor last year, you probably got a 1099-NEC reporting how much money you were paid in box 1. The form reports self-employment income. Am I self-employed?
To enter your Form 1099-NEC in TurboTax:
- Sign in and open or continue your return.
- Search for 1099-NEC and select the Jump to link.
- Answer the questions and continue through to enter the information from your form.
- If you have multiple 1099-NECs to enter, you can select +Add Another 1099-NEC on the 1099-NEC Summary screen.
When you’re done, we’ll ask you a few questions and help you through entering any expenses you may have so that you can reduce your taxable income.
How does being self-employed affect my taxes?
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February 13, 2024
7:12 PM