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:
- Open TurboTax.
- Go to Federal > Wages & Income.
- Scroll down to "Other Common Income."
- Select Form-1099-NEC, select Start or Revisit.
![](https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/627197ed-3ded-425a-b9dd-fd34d38b88b9.default.png)
5. "1099-Nec Summary" > Add Another 1099-NEC..
![](https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/c50d4136-548c-4bd1-b9ce-086161f276f9.default.png)
6. The next screen, "Let's get the info from your 1099-NEC.
![](https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/4e2ec871-77e4-4d8a-b0c0-6b0d6b66f964.default.png)
7. Continue.
8. Add the reason for this 1099-NEC.
![](https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/ca7d7df7-bd48-4dd3-8e3e-328e36bc3018.default.png)
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 …"![](https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/a89ef30b-6a18-49cd-a401-ebd0cc8d26aa.default.png)
11. Continue > Done.
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