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Level 2
January 16, 2023
Question

Can I issue a 1099 with someone who has done work for me in 2022, over $1100

  • January 16, 2023
  • 6 replies
  • 57 views
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6 replies

Level 15
January 16, 2023

Details, please.   Are you running a business?  Or did you just have some work done in your own home, etc.?  What kind of work was done for you?  where?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
dub4598Author
Level 2
January 16, 2023

I have a small equine therapy business , the money paid was for farrier work.  I used to have my CPA issue one but not using CPA any longer 

DoninGA
Level 15
Level 15
January 16, 2023

@dub4598 wrote:

I have a small equine therapy business , the money paid was for farrier work.  I used to have my CPA issue one but not using CPA any longer 


See this TurboTax support FAQ for creating W-2's and Form 1099's - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-forms/create-w-2-1099-forms-employees-contractors/L0yjM6jDz_US_en_US?uid=lczf3mmh

DoninGA
Level 15
Level 15
January 16, 2023

If you have a business and you hired an independent contractor to provide a service for your business and the amount of the service is over $600 then you should issue a Form 1099-NEC to the contractor. 

 

If you do not have a business you do not need to provide a Form 1099-NEC to the contractor.

dub4598Author
Level 2
January 16, 2023

Can I complete the 1099 using Turbo Tax?

VolvoGirl
Level 15
January 16, 2023

To prepare W2 and 1099s you need either the online Self Employed version or the Desktop Home & Business program or the separate Desktop Turbo Tax Business program if you need to file a 1120 or 1065 Business return.


To prepare W2s and 1099s in the Online Self Employed version you have to first start your personal return. Then when you log in you select Take me to my Return. Then the next screen should be the Welcome Back screen. At the bottom under Manage your Return it says Create W2s and 1099s. This will take you to the QEF Quick Employer Forms.

 

If you are already in your return you can log out and back in again to get to the beginning screen.

 

Or in your return, Anywhere on any screen you see
Help me prepare and file W-2s and 1099s
Click on it and the side box will open, Then click on Quick Employer Forms in the side box.


Log into your account

Scroll down to Your Account and click on Show

Click on Create W-2s and 1099s

 

You need to give a 1099NEC to anyone you paid $600 or more to for the year. But not to corporations or for merchandise. You send the IRS a copy of the 1099Misc with the transmittal summary form 1096. These are due to the person by Jan 31 and to the IRS by Jan 31 also.

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Forms-and-Associated-Taxes-for-Independent-Contractors