You'll need to sign in or create an account to connect with an expert.
A 1099NEC you received or one you need to issue to someone you paid?
To report your self employment income you will fill out schedule C in your personal 1040 tax return and pay SE self employment Tax. Here's a Schedule C https://www.irs.gov/pub/irs-pdf/f1040sc.pdf
You can enter Self Employment Income into Online Deluxe or Premier but if you have any expenses you will have to upgrade to the Self Employed version or use any of the Desktop CD/Download programs.
How to enter self employment income
But actually you can just enter it as Other self employment income or as Cash or General income. You don't need to get a 1099NEC or 1099Misc or 1099K. Even if you did you can enter all your income as Cash. Only the total goes to schedule C.
One I need to issue for a freelancer who does work for me.
If you need to file the 1099-NEC, Intuit provides two options.
Intuit TurboTax Quick Employer Forms can be found here.
TurboTax CD/Download Home & Business will prepare 1099 forms by choosing "Start a new return" and then choosing "Prepare W-2's and 1099s for my employees and contractors.
It looks like what is new this year is that I have to use TurboTax for Business to create the form. I don't use TurboTax for Business because I'm sole proprietor of a small side business.
@laalford wrote:
It looks like what is new this year is that I have to use TurboTax for Business to create the form. I don't use TurboTax for Business because I'm sole proprietor of a small side business.
As stated the TurboTax desktop edition of Home & Business can be used which is for sole proprietors who report their income and expenses on a Schedule C. Or if you are using the online editions then the Self-Employed edition can be used.
See this TurboTax support FAQ for creating W-2's and Form 1099's - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-forms/create-w-2-1099-forms-employee...
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
brokeoldchick
New Member
zaebb1
Returning Member
cleverlyengaged
Level 2
Chipster
New Member
Taxes1991
Returning Member