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New Member
posted Jan 26, 2022 1:34:04 PM

Does the irs send out 1099 forms or does a self employed person have to make one?

I own an LLC, and am the only employee. I can't remember if my 1099 from last year was received in the mail or if I had to fill it out and make one for my taxes.

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7 Replies
Expert Alumni
Jan 26, 2022 1:57:13 PM

It depends on what you are expecting Form 1099 to be for.  The payer is the entity that has to make the Form 1099 and send it out.  If you're talking about employee compensation, that is not reported on a Form 1099 but is actually reported on Form W-2.

 

So, if your LLC paid rent, paid a non-employee contractor, or paid an attorney more than $600 during the tax year, you as the LLC are responsible for sending out Form 1099-MISC or 1099-NEC to those payees.

 

If your LLC received money for contract work or rents then you will receive a Form 1099-NEC or 1099-MISC from those that paid you and you will just include that income on your return.

 

If you paid yourself as an employee and reported the appropriate payroll taxes, then you will issue yourself a Form W-2.

 

This article may help you out some more What Is an IRS 1099 Form?

New Member
Feb 21, 2022 9:38:59 AM

Where do I put the info for my 1099 from social security

Level 15
Feb 21, 2022 9:42:21 AM

@Eddie2850 

 

Enter a SSA-1099, SSA-1099-SM or RRB-1099  under

Federal Taxes on the left side or top

Wages and Income

Then scroll down to Retirement Plans and Social Security

Then the second line - Social Security (SSA-1099. RRB-1099) - click the Start or Revisit  button

 

 

Expert Alumni
Feb 21, 2022 9:55:27 AM

Don't confuse the SSA-1099 with the 1099-R that reports retirement benefits from non-SSA sources like pensions, 401(k)s, and IRAs. 1099-Rs are entered elsewhere in TurboTax.

All SSA-1099 forms get entered in the same place:

  1. Open (continue) your return in TurboTax if it's not already open.
  2. In TurboTax, search for the term social security benefits and then select the Jump to link at the top of your search results.

  3. On the Social Security Benefits screen, answer Yes and select Continue.
  4. Check the first box, then enter the amounts from your form(s) where indicated.
    • If you received multiple SSA-1099s, add up the amounts for each box and enter them together.
    • Do not include SSA-1099s for dependents. Those should be reported on the dependent's return, but only if they are required to file a return (this is uncommon).
  5. Select Continue and follow the onscreen instructions.

We'll calculate what portion, if any, of your Social Security benefits are taxable. If your only income is from Social Security, you aren't required to file a return.   @Eddie2850

 

Where do I enter an SSA-1099, SSA-1099-SM, or SSA-1099-R-OP1?

New Member
Feb 21, 2022 10:56:03 AM

When will I get answer?

Level 15
Feb 21, 2022 11:04:23 AM

There are 2 answers posted above.  Didn't you see them?  Scroll up.

Level 15
Feb 21, 2022 11:05:55 AM

See