Can I send 1099 to independent contractors?

ellenpwinn-gmail · ‎January 28, 2022

How do I send out 1099's to independent contractors?

TeresaM · ‎January 28, 2022

Yes, you can issue a 1099-NEC or 1099-MISC for no additional cost if you use TurboTax Self-Employed Online or TurboTax Home and Business for Desktop. When TurboTax asks if you need to send a 1099-NEC or 1099-MISC, if you say "yes" it will link you to our Quick Employer Forms area.
Or

Log into your TurboTax Online account
Select Tax Home, on the upper left
Scroll to the center bottom of your screen and click on your account (not Intuit Account in the left menu)
Click the downward triangle to drop down the menu
You will see create W-2s or 1099s

Or you can go there directly at Quick Employer Forms and sign in with your TurboTax sign in.

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Opus 17 · ‎January 28, 2022

If you are a business, you must issue 1099-NEC to anyone who performs services for you who gets paid more than $600. You need to request their tax ID number by giving them a form W-9 to fill out. If they check the box that they are an S- or C-corporation, then you don't issue a 1099, but you do issue 1099s to sole proprietors and partnerships.

If you are not a business, you are not required to issue 1099s to people who do work for you. You may, but it is not required.

There are several ways to e-file form 1099s for about $5 each, I'm not going to recommend any one specific service. Make sure you have all your info ready to go, because you also e-file a form 1096 with the IRS which summarizes all the 1099s, so it is best to do it all at once.