2954039
You'll need to sign in or create an account to connect with an expert.
I assume that the "1099" that you got is a Form 1099-NEC. The company that gave it to you is not your employer. You are in business for yourself, self-employed, an independent contractor. The company that gave you the 1099-NEC is your client, not your employer. You enter the income as business income in TurboTax, on the Business tab.
If you received a Form 1099-NEC from your new "employer", you are being treated as an independent contractor, not an employee. As an independent contractor, you are self-employed. You report self-employment income and expenses on Schedule C. If you have expenses to report, in addition to 1099 income, and you are using TurboTax Online, you will have to use TurboTax Self-Employed. You will also be responsible for paying self-employment tax on your net income. For more information see the following IRS Small Business and Self-Employed Tax Center
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Questioner23
Level 1
rcohen-citrincoo
New Member
unclesamiamnot
New Member
surfingfire408
New Member
acheeleong
Level 1