topic 1099-NEC in Get your taxes done using TurboTax

1099-NEC

SAmd_Prince — Tue, 03 Mar 2026 20:58:25 GMT

In the 1099-NEC form, I have “PAYER’S TIN.” In TurboTax, it asks for the “Employer Identification Number (EIN).” Are these the same thing?

My second question is: TurboTax also asks for the business address. On my 1099-NEC form, I see “PAYER’S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone number.” Should I enter the payer’s address listed on the 1099-NEC, or should I enter my home address?

Re: 1099-NEC

Bsch4477 — Tue, 03 Mar 2026 21:17:40 GMT

Yes, it’s the EIN. Enter payer’s address.

Re: 1099-NEC

SAmd_Prince — Tue, 03 Mar 2026 21:49:15 GMT

TurboTax does not ask about "Nonemployee compensation," which is on my 1099-NEC form. Then, where should I enter my income?

Re: 1099-NEC

Bsch4477 — Tue, 03 Mar 2026 21:56:55 GMT

That is considered self employment income reported on Schedule C.

Re: 1099-NEC

SAmd_Prince — Tue, 03 Mar 2026 23:39:56 GMT

What do you mean by "reported on Schedule C"? Tell me what I need to do in turboTax

Re: 1099-NEC

RogerD1 — Fri, 06 Mar 2026 20:37:05 GMT

When you receive a 1099-NEC, you are considered a contractor and not an employee of the organization who issued the 1099-NEC. When you have income as a contractor, you are considered "self-employed" and you will file a Schedule C Profit and Loss from Business on your tax return.

You are expected to report all your income on the Schedule C, even if it is not reported on a tax form to the IRS - cash and check receipts for your contract work will be part of your self-employed income.

As a self-employed individual, you are allowed (and expected to) report the expenses of your contract work on your tax return. Examples of expenses you can claim:

Vehicle expenses for work as a delivery driver or Uber or Lyft driver
Tools you purchase for your work as a handyman, carpenter or other trades person
Supplies you purchase for your work

It's important to make sure that you claim all legitimate expenses related to your self-employed work as that will help reduce your income subject to income and self-employment tax (which is Social Security and Medicare tax that you will pay on the profit of your self-employment). It's equally important to retain receipts, travel logs, bank statements, etc. that will support the income and deductions from your self-employment work.

To get started on your Schedule C in TurboTax, you can click on the Business tab in TurboTax desktop and click Start on Profit or Loss from Business. In online TurboTax, click on Start for Self-employment income and expenses.

More information is found at Self-employment Taxes in Today's Gig Economy.