☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 8, 2023 8:40:30 AM

1099-NEC

My wife received a 1099-NEC after College of Nursing payed off her student loan.

She currently works for Hospital and is not an independent contractor.

Shouldn't that have been on a W-2?

0 1 516
1 Replies
Level 7
Apr 8, 2023 6:15:15 PM

It depends. Any business that makes nonemployee compensation payments totaling $600 or more to at least one payee or withholds federal income tax from a nonemployee’s payment, will now use this revamped form to report those payments and withholding must file Form 1099-NEC.

 

Follow these steps to enter Form 1099-NEC:

 

  1. Open TurboTax.
  2. Go to Federal > Wages & Income.
  3. Scroll down to "Other Common Income."
  4. Select Form-1099-NEC, select Start or Revisit.

 

 

 

      5. "1099-Nec Summary" > Add Another 1099-NEC..

 

 

    6. The next screen, "Let's get the info from your 1099-NEC.

 

 

     7.  Continue.

      8.  Add the reason for this 1099-NEC.

 

 

 

     9.  Continue.

   10.  On the screen, " Does one of these uncommon situation apply," select > This is not money  earned as an employee or self-                       employed individual …"

   11.  Continue > Done.