Where can i find a 1099 to send to a contractor that I paid?

Forum|Forum|5 years ago
October 23, 2020
3 replies
28 views

paid a contractor more than $600
need to issue a 1099

TurboTax Self Employed Online

VolvoGirl

Level 15

For 2019 or 2020?

How to create W2s and 1099

https://ttlc.intuit.com/community/forms/help/how-do-i-create-w-2-and-1099-forms-in-turbotax/00/25869

or here is IRS 1099Misc

https://www.irs.gov/pub/irs-pdf/f1099msc_19.pdf

and instructions

https://www.irs.gov/pub/irs-pdf/i1099msc_19.pdf

for 2020 there is a new form 1099NEC

https://www.irs.gov/pub/irs-pdf/f1099nec.pdf

Opus 17

Level 15

If you are a private person, you don't have to issue a 1099, only if you are also in business.

For 2019, non-employee compensation goes in box 7 of form 1099-MISC. For 2020, you use new form 1099-NEC.

If you use Turbotax Self-Employed version, the program can prepare a 1099 for you. It gets e-filed with one copy to the contractor and a copy to the IRS. You also send the IRS a 1096 form, which is a summary of all the 1099s you issued for the tax year. Or, there are several online sites that will e-file a 1099 and 1096 for you for about $5. I've used them in the past with no problem, although I won't endorse a specific site.

If you want to file on paper, you have to obtain special forms from the IRS or from a business forms supplier. You can't just download it and fill it out.

Anonymous

for 2019 you're late and will likely incur a late filing penalty. this is just to make you aware since there is also a penalty for not filing when required but the IRS has to catch it. for 2020 you're in too much of a rush since the forms are not due until Jan 31,2021