To prepare 1099-MISC
form
please follow these steps:
Go back into your
business return
- Click on the Business tab
> Continue > I'll choose what to work on
- On the Let’s gather your
business info screen, in the Business Income and Expenses
section, click the Start/Update button. [See Screenshot
#1, attached.]
- If you have already started
adding information about your business, you will see the Here's the
business info we have so far screen. Click on the Edit
box next to the business. [Screenshot #2]
- If you haven't already started
adding business information, continue through the screens to enter the
needed information.
Prepare 1099s
- You will now be on the Your
[XX] Business screen. In the Business Expenses section,
click on the Start/Update box next to Other Common Business
Expense. [Screenshot #3]
- On the next screen, Let's write
off some business expenses, click on the Start/Update box next
to Contract Labor. [Screenshot #4]
- On the next screen, Enter Contract
Labor Expenses, you can do two things:
- Enter the expenses for
your contract labor.
- Create and file W-2s and 1099s
online with TurboTax Quick Employer Forms (QEF). Click on the Start
Here link. This will take you to the QEF website to prepare
your forms.[Screenshot #5]
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