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New Member
posted Feb 23, 2021 1:44:33 PM

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
Expert Alumni
Feb 23, 2021 1:59:53 PM

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. 

Level 2
Mar 26, 2021 6:10:51 PM

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! 

Expert Alumni
Mar 26, 2021 8:05:35 PM

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.