The Ideal solution would be to contact the payer and get the form reissued as a 1099-MISC.
Regardless of whether your can get the form corrected, this payment was a substitute for rental income and it should be reported as rental income on your tax return.
Here is how to do that in TurboTax:
- Select Federal from the left side menu.
- Select Wages and Income toward the top left
- Scroll down/ expand the list and look for Rentals and Royalties.
- Expand that section and find Rental Properties and Royalties (Sch E).
- Click Start on the right.
- Answer the first question Yes.
- Select Rental property on the left, click Continue.
- Enter the basic information about your rental, if you haven't already.
- When you get the the Income section on the rental schedule, select Cash, checks, Venmo/PayPal, and/or Form 1099-K.
- Click Continue.
- Enter the amount from the 1099-NEC here and proceed with your rental schedule as normal.
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