1099-MISC

mossbt — Fri, 26 Mar 2021 20:43:12 GMT

Turbotax does not have a place to enter box 7 of the 1099-MISC form, Nonemployee compensation. Where should the information in box 7 be entered from my form1099-Misc ?

Re: 1099-MISC

SweetieJean — Fri, 26 Mar 2021 20:49:54 GMT

What is it for? If for work you did, you should have received a 1099-NEC instead.

Re: 1099-MISC

Irene2805 — Fri, 26 Mar 2021 20:53:12 GMT

Non-employee compensation should have been reported on Form 1099-NEC. Beginning in 2020, the IRS has changed the method of reporting non-employee compensation, which used to be reported in Box 7 of the 1099-MISC. Non-employee compensation is now reported on Form 1099-NEC.

To enter the income on the 1099-MISC you received:

Click Wages & Income
Under the Self-Employment section, click the Start/Revisit box next to Self-employment income and expenses.
Click the box Add Income for this work.
On the screen, Let's enter the income for your [XX] work, mark the radio button for Form 1099-NEC
On the next screen, OK, let’s get some details from your 1099-NEC enter the amount from box 7 of the 1099-MISC in Box 1 of Form 1099-NEC.

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