Skip to main content
Level 1
March 14, 2021
Question

Is any 1099 or 1099-NEC forms considered as a W-2?

  • March 14, 2021
  • 1 reply
  • 0 views
what do you mean by go ahead and post?

1 reply

Alumni - Champ
March 14, 2021

No, they are not W-2 forms, although they are income (but generally unearned income, except for profit from 1099-NEC).

 

Each has its own data entry area in the TT program, and end up on different lines on your tax return.  There are many types of 1099 form (1099-R, 1099-INT, 1099-B, 1099-DIV, etc), so which one do you mean?

Alumni - Champ
March 14, 2021

However, disability pensions shown on Form 1099-R, if you haven’t reached the minimum retirement age set by your employer, does end up on Form 1040, Line 1 as Wages.  If you are concerned that Line 1 is wrong, check all of your data entry carefully (especially commas and decimals).