Keep getting error msg:missing info in 1099-NEC.I've put in all the info on the 1099-NEC doc from the payer. Can't figure out what is missing in TurboTax.

Further information regarding my post about the 1099-NEC error message: I get the message below. (NOTE: I blanked out the compensation amount to keep that private.

 

I don't know what to type in the blank next to "Schedule C".

 

 

 

The blank box beside Schedule C indicates that there is not a Schedule C included in your return.  If there was one there, the business name would be shown and you could double-click it to link the Form 1099-NEC to the Schedule C. 

 

You have to enter a Schedule C to clear this issue.  

 

Income reported on Form 1099-NEC is not reportable directly on your tax return.  Just entering the information on that form is only one step.  Since it is self-employment or 'non-employee compensation' it must be associated with a Schedule C, even if there are no expenses being claimed. 

 

The information required for the Schedule C will include the type of business, the business name (or your name if there is no specific business name), the business address (or your address), etc.

 

Since income reported on Form 1099-NEC needs to be reported on Schedule C, the program is trying to tie these two forms together to be sure that it is reported correctly and on the right form.

 

Try going back to the section where you entered the Form 1099-NEC if you entered it on its own and delete that entry.  Use these steps:

• On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
• This opens a box where you can type in “1099-NEC” and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
• The search results will give you an option to “Jump to 1099-NEC”
• Click on the blue “Jump to 1099-NEC” link

This will bring you to the summary of all Form 1099-NEC that you have entered.  Click Delete or the trash can icon next to each one.

 

Next, you will re-enter the Form 1099-NEC as part of the Schedule C so that the income is reported directly as part of your Business Income and Expenses and within the correct form and section of your return.

 

Use these steps to go to the Schedule C section of your return.  

• On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
• This opens a box where you can type in “schedule c” and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
• The search results will give you an option to “Jump to schedule c”
• Click on the blue “Jump to schedule c” link

If you already have a Schedule C in your return, edit it and go to the section to Add Income.  This is where you will re-enter the Form 1099-NEC. 

 

If you do not already have a Schedule C in your return, follow the prompts and enter the information about your work/business for which you received the Form 1099-NEC.  Then continue through that section to Add Income and enter the Form 1099-NEC plus any other income you received for that self-employed business.  

 

Don't forget you can also claim expenses related to your business.

 

After you are finished, the error condition should be eliminated. 

THANK YOU SO MUCH for the detailed help!  Because I did enter business expenses I thought I was completing a Schedule C.  

 

I'm going to follow your instructions now and see if I can get the return finished.  Fingers tightly crossed!

 

Gratefully,

Sharon

I have a similar problem with the error message, but my payment was a legal settlement that had nothing to do with wages or performing services for the company.  Do I have to complete a Schedule C to remove the error message?

Delete the 1099-C entry and enter your 1099-NEC following these steps:

 

• Federal
• Income and Expenses
• Income from Form 1099-NEC
• Fill in the information - including the reason for the 1099-NEC as lawsuit settlement
• On the screen: Does one of these uncommon situations apply?
• Select This was money from a lawsuit settlement
• Answer the question about back wages and amount from back wages if any
• Continue

Are Legal Settlements Taxable

 

 

 

 

 

 

 

@RSM123

Thanks for your response. I don't have a "1099-C entru" (maybe a typo).  Anyway, I deleted and reenterred the 1099-NEC including all of the info you flagged through the lawsuit settlement box.  Unfortunately, that didn't fix the problem - I am still getting the missing info message and a note that the incomplete form will be deleted.  I don't use/need Schedule C (the only compensation I received is W2 wages, the 1099-NEC was for a legal settlement)

I should have typed Schedule C.  here are the corrected steps to follow to resolve the error:

 

Use the Chrome browser and clear browsing data for all time.  Then sign into TurboTax and delete the Schedule C and the 1099-B:

• Go to Tax Tools, Tools, Delete a Form
• Find Schedule C and delete the form
• Find 1099-NEC and delete the form
• If you see a Schedule SE, also delete that form

Now enter the 1099-NEC again:

• Federal
• Income and Expenses
• Income from Form 1099-NEC
• Fill in the information - including the reason for the 1099-NEC as lawsuit settlement
• On the screen: Does one of these uncommon situations apply?
• Select This was money from a lawsuit settlement
• Answer the question about back wages and amount from back wages if any
• Continue

Are Legal Settlements Taxable
 

 

 

@RSM123

Thanks so much.  One problem, I don't use the on-line version. I downloaded the software. Can you walk me through the correction for that?

Let me know which version of TurboTax you downloaded, and I will send you directions for that version.  There are slight differences in each version.

 

@RSM123

Thanks Mary.  I'm using Turbo Tax Deluxe 2020

These re the only fields that need to be completed on the 1099-NEC

 

The EIN or SSN and the name of the person or company who paid you

The amount in Box 1

The reason for the NEC amount in Box 1

 

In TurboTax Deluxe - step by step 

• Search for 1099-NEC
• Jump to 1099-NEC
• Go through the questions
• Then go to Forms mode and look at 1099-NEC
• Only one box should now have an X in the Box 1 section
• Make sure that EIN or SSN, Payer's Name, Amount, and correct reason for the 1099-NEC are checked

This should remove the error.

 

 

 

@RSM123

Great.  I went through the questions and switched to form mode.  I'm at the form an there are only 3 choices for box 1 (Report on line 1 of Form 1040; Other Income; and Back Wages from lawsuit). Neither of these seem to apply.  My situation is a legal settlement from an investment advisor to compensate for losses caused by a mistake they made - the payment had nothing to do with wages or any work performed by me.  The settlement was intended to make me whole.

THANKS AGAIN.  SORRY I'M STRUGGLING WITH THIS. TURBO TAX HAS BEEN SO EASY IN PREVIOUS YEARS I APPRECIATE YOUR HELP.

I am in a similar situation where I have received a 1099-NEC for a lawsuit settlement not related to back wages. I have tried your suggestion and continue to get the "Missing info" error. I cleared my Chrome history. I did not have a Schedule C, 1099-B, or schedule SE to delete. I deleted 1099-NEC worksheet and 1099-MISC/1099-NEC summary entries. I re-entered by 1099-NEC info and still same problem. 

I will suggest you to enter info under "Other Income", instead.  Here are the steps:

 

In TurboTax online,

• Sign into your account, select Pick up where you left off
• To the right upper corner, in the search box, type in "other reportable income" and Enter
• Select Jump to other reportable income
• Next screen, Other Wages Received, select No to continue
• Next screen, scroll down all the way to the bottom, under Other reportable income, select Start
• Next screen, Any Other Taxable Income? select Yes to continue

To see if your settlement is taxable, click here: Settlements

 

@bryantx512

 

Hi,

 

I keep getting this error and there is no way of resolving it in 2022 it seems. I've tried to do what you laid out here, but I already have a Schedule C going and the 1099-NEC is in fact linked there. I've been through this process three times and nothing is working. It's for one 1099-NEC out of half a dozen; the others are fine, and I can't understand why this one is giving me problems. There is no information missing. I even tried adding it as a new business and it didn't work.

You are not required to report your 1099-NEC in detail on your tax return in TurboTax.  To resolve this error you should delete the 1099-NEC entry and add the income directly to your Schedule C.   To do this in TurboTax Online you can follow these steps: 

 

1. Within your return in TurboTax Online search for 1099-NEC.
2. Click the Jump to link in the search results.
3. Delete the 1099-NEC line with the trash can icon.
4. If you get to the question Did you have any self-employment income or expenses? answer Yes and enter your income amount with a description of your choosing (this label does not show up on your return anywhere)
5. Click on Tax Tools on the left side of the screen.
6. Click on Delete a Form. 
7. Scroll down to your 1099-NEC and click Delete if it is still there.

@oschwindt

The same thing is happening to me.  I am choosing legal settlement and not back pay and it loads with missing information.  Need this fixed or I can't file.  Help.

A lawsuit settlement that does not include payment for back wages should be reported as other income.

 

You may have to delete the entry and start over.  You are able to remove the form by:

 

• Down the left side of the screen, click on Tax Tools.
• Click on Tools.
• Click on Delete a form.
• Find the form listed and click Delete to the right.

Follow the steps below to report the IRS form 1099-NEC as other income.

 

• Select Federal from the left side menu.
• Click on Wages & Income.
• Scroll down to Less Common Income.  Click Show more.
• Click Start / Revisit to the right of Miscellaneous income….
• Click Start / Revisit to the right of Other reportable income.
• At the screen Other Taxable Income enter a description. 

The entry will be reported:

 

• on line 8z of Schedule 1 of the Federal 1040 tax return, and 
• on line 8 of the Federal 1040 tax return.

View the entries at Tax Tools / Print Center / Print, save or preview this year's return / Include government and TurboTax worksheets.

 

@jwalpert