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p516gina
New Member

Looks like we're missing some info, one of your 1099 NEC forms doesn't include enough info for us to know where to report the income on Why am I getting this message?

 
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3 Replies
KrisD15
Expert Alumni

Looks like we're missing some info, one of your 1099 NEC forms doesn't include enough info for us to know where to report the income on Why am I getting this message?

Sounds like you need to go back to that 1099-NEC and finish the interview. 

A 1099-NEC reports Non-Employee Compensation and the TurboTax program needs to know where to put it, which Schedule C.

It is possible for a tax return to report more than one business, so you need to link it to the one that earned it. 

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Looks like we're missing some info, one of your 1099 NEC forms doesn't include enough info for us to know where to report the income on Why am I getting this message?

Hello! I am getting this message, too: 

Some of your 1099-NEC forms don't include enough info for us to know where to report the income on your return. 

 

There is only information in Box 1 "nonemployee compensation." How do I fix this? Thanks! 

LinaJ2020
Expert Alumni

Looks like we're missing some info, one of your 1099 NEC forms doesn't include enough info for us to know where to report the income on Why am I getting this message?

Did you also file a Schedule C ?

 

You will need to enter the information in both Form 1099-NEC and Schedule C sections.  You would start from the 1099-NEC section under "1099-MISC and Other Common Income".  You would then follow prompts to tell the program you are filing a Schedule C.  As it creates a Schedule C for you, you will need to go to the Schedule C portion separately to confirm your income amount, add related expenses and complete required information. 

 

In TurboTax online, here are the steps: 

  • Sign into your account, select Pick up where you left off
  • From the upper right menu, select Search and type in 1099nec and Enter
  • Select the Jump to 1099nec
  • Follow prompts to complete the section

Then 

  • From the upper right menu, select Search and type in schedule c and Enter
  • Select the Jump to schedule c
  • Next screen, "Your 2020 work summary" under your self employed business, select Review
  • Continue to enter related expenses and other required information

When you received a nonemployee compensation, the IRS treats you as self employed and requires you to pay self employment taxes.  The net profit amount will show on line 8 of your Schedule 1 and Form 1040. 

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**Mark the post that answers your question by clicking on "Mark as Best Answer"
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