Let's go both directions:
Option 1 - the payor issues a corrected NEC with no income and a w2 for you. You can then enter your w2 and are good to go.
Option 2 - the payor does not issue any changes. Delete the 1099-NEC you have entered. see How to Delete. Now, I recommend you close the program and clear cache and cookies, but it may not be necessary.
Let's enter the 1099-NEC. Follow these steps:
- Open your return to the federal income section.
- Locate income from Form 1099-NEC
- Start/ Edit/ Revisit/ Review
- Select Yes to did you receive NEC
- Select add a 1099 -NEC or edit
- Enter payer, id, and compensation
- Continue
- Reason for NEC -stock awards
- Continue
- Uncommon Situation - select not money as employee or self-employed. Sporadic activity
- Continue
- Done
The NEC would not have been my first choice. The 1099-NEC is for each person to whom the taxpayer has paid at least $600 during the course of a business for the following.
•Services performed by someone who is not an employee, including parts and materials (box 1),
•Cash payments for fish (or other aquatic life) purchased from anyone engaged in the trade or business of catching fish (box 1), or
•Payments to an attorney for legal services (box 1).
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