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gingecat20
New Member

How do I enter a 1099-NEC

 
7 Replies
DianeC958
Expert Alumni

How do I enter a 1099-NEC

This form is for tax year 2020 and would not be used for your 2019 taxes.

 

Link to more information about form 1099-NEC

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LarryPoz
Level 2

How do I enter a 1099-NEC

I am trying to enter Business Income from a 1099-NEC for 2020 taxes. TT is not prompting for NEC nor does it allow you to enter compensation on 1099-MISC

CyberWebGroup
New Member

How do I enter a 1099-NEC

I am having same issue with 2020 1099-NEC entry.

 

Is it available in TurboTax 2020 SB yet?

DoninGA
Level 15

How do I enter a 1099-NEC


@LarryPoz wrote:

I am trying to enter Business Income from a 1099-NEC for 2020 taxes. TT is not prompting for NEC nor does it allow you to enter compensation on 1099-MISC


To enter a Form 1099-NEC -

  • Click on Federal Taxes
  • Click on Wages and Income
  • Click on I'll choose what I work on (if shown)
  • Scroll down to 1099-MISC and Other Common Income
  • On Income from Form 1099-NEC, click the start or update button



VolvoGirl
Level 15

How do I enter a 1099-NEC

In the Desktop program you can switch to Forms Mode and open a 1099NEC and fill it out.  It will populate your return.  It will show up on the business income page on the 1099Misc line.   That will probably be fixed when they update that part of the program.  

 

If you have the Online version or even in the Desktop program just enter your total business income as Cash or General.  You don't need to enter the actual 1099Misc or 1099NEC.  Only the total goes to schedule C line 1.

LarryPoz
Level 2

How do I enter a 1099-NEC

Thanks the NEC does not show up. Also, I see that others have replied by saying to update in FORMS. I understand that this is a WORKAROUND but it makes me question the 'logic' behind the form is intact.

 

Other button are also not working. UPDATE self-employed insurance places you in a loop. Also does not bring up my insurance entry from the previous year.

LarryPoz
Level 2

How do I enter a 1099-NEC

I understand that this can be accomplished in FORMS. I also understand that this is a WORKAROUND but it makes me question the 'logic' behind the form is intact.

 

Other buttons are also not working. UPDATE self-employed insurance places you in a loop and does not allow you to enter data. Also does not bring up my insurance entry from the previous year.

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