topic Should I add a contractor? in Get your taxes done using TurboTax

Should I add a contractor?

srohit — Fri, 13 Nov 2020 11:06:20 GMT

Should I add a contractor?

Re: Should I add a contractor?

Critter-3 — Fri, 13 Nov 2020 12:48:08 GMT

To what ? Why?

Re: Should I add a contractor?

VolvoGirl — Fri, 13 Nov 2020 15:40:40 GMT

Did you receive income as a contractor and need to report self employment income? Or did you pay a contractor?

You need to give a 1099 NEC or 1099 Misc to anyone you paid $600 or more to for the year. But not to corporations or for merchandise. You send the IRS a copy of the 1099Misc with the transmittal summary form 1096. These are due to the person by Jan 31 and to the IRS by Jan 31.

To prepare W2s or 1099NEC or 1099MISC you need to use the Online Self Employed version or buy the Desktop CD/Download Home & Business program or the separate Turbo Tax Business program.

How to prepare 1099Misc & W2
https://ttlc.intuit.com/community/forms/help/how-do-i-create-w-2-and-1099-forms-in-turbotax/00/25869

Re: Should I add a contractor?

VolvoGirl — Fri, 13 Nov 2020 15:59:37 GMT

@srohit And please post a full question with details. This is not a chat line. You have posted several short questions and we don't know what you are asking.