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tjp99120
New Member

1099-MISC form with Box 7 Nonemployee Compensation amount

My husband received a 1099-Misc Income (2023) form with Box 7 specifying his Nonemployee Compensation amount.  The amount is correct ($16K).  We're not able to enter this amount into Turbo Tax Home & Business edition because the 1099-MISC Box 7 = N/A (e.g., doesn't allow amount to be input).   What is the best way to submit this Nonemployee Compensation amount:  1) Enter the amount in the 1099-NEC Box 1 field (even though we did NOT receive an actual 1099-NEC form) or 2)  Enter the amount as General Income, not reported on other forms (even though we DID receive an actual 1099-Misc Income (2023) form?  

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2 Replies
LeticiaF1
Employee Tax Expert

1099-MISC form with Box 7 Nonemployee Compensation amount

If your 1099-MISC has an amount in box 7, you should have gotten a 1099-NEC form instead.  You may want to request a 1099-NEC from the payer so you have the right form for your records, but you don’t need it to file your tax return.

 

Follow these steps to enter your info:

  1. Open or continue your return in TurboTax.
  2. Search for self employed income
  3. Select the Jump to link at the top of the search results.
  4. Answer Yes on the Did you have any self-employment income or expenses? screen.
  5. Select 1099-NEC 
  6. Answer the questions and continue through to enter the information from your form.
  7. When you get to where you'll enter your form info, find the amount in box 7 of your 1099-MISC and enter this amount in TurboTax in box 1 for the 1099-NEC.
  8. Enter the amount from box 4 of your 1099-MISC in box 4 for the 1099-NEC (leave blank if you don’t have an amount in box 4).
  9. If you have anything in boxes 16-18 of your 1099-MISC, enter those amounts in the corresponding boxes 5-7 for the 1099-NEC.

 

 

 

tjp99120
New Member

1099-MISC form with Box 7 Nonemployee Compensation amount

Thank you.  I appreciate the speedy, thorough response.  

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