Form 1099-NEC specifically reports Nonemployee Compensation, which you may have gotten in previous years on a 1099-MISC. So, if you worked as a freelancer or contractor last year, you probably got a 1099-NEC reporting how much money you were paid in box 1.
To enter your Form 1099-NEC in TurboTax:
- Sign in and open or continue your return.
- Search for 1099-NEC and select the Jump to link.
- Answer the questions and continue through to enter the information from your form.
- If you have multiple 1099-NECs to enter, you can select +Add Another 1099-NEC on the 1099-NEC Summary screen.
When you’re done, we’ll ask you a few questions and help you through entering any expenses you may have so that you can reduce your taxable income.
When you’re paid this way, there’s no withholding taken out of your income, which means you’ll pay both self-employment tax and income tax.
A benefit of being self-employed is that it enables you to have lots of write-offs, so make sure to enter all your expenses. This helps you reduce the taxes you might owe or increase your refund.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
