My 1099-Misc show both Royalties and Non-Employee Compensation. How do I report this and which Turbo Tax should I use? Thank you.
Although I have only one 1099-Misc, should I complete one entry for Royalties, then create a totally separate entry for Non-Employee Compensation? The 1099-Misc shows a combine total.
052662
5 Replies
Lisa995
Alumni
Jun 6, 2019 8:24:50 AM
Just treat it as 2. One will have the royalties the other will have the NEC.
MichaelDC
New Member
Jun 6, 2019 8:24:52 AM
You'll need TurboTax Self-Employed to take care of them both.
barbara-stokes
Returning Member
Jun 6, 2019 8:24:53 AM
Okay. Very Good. Thank you Lisa995.
barbara-stokes
Returning Member
Jun 6, 2019 8:24:55 AM
Much thanks TurboTaxMichaelDC.
MichaelDC
New Member
Jun 6, 2019 8:24:56 AM
Enter the one 1099-MISC as if it's two - One as Box 2 for Royalties and one as Box 7 Non-Employee Compensation.
You'll need TurboTax Self-Employed to take care of them both.