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notataxexpert
Returning Member

1099-NEC form. When adding to TT, it asks for a Fed ID number. My 1099-NEC does not have a Fed ID, but rather a Payers TIN. It is a 9 digit number without any dashes.

 
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1 Reply
LinaJ2020
Expert Alumni

1099-NEC form. When adding to TT, it asks for a Fed ID number. My 1099-NEC does not have a Fed ID, but rather a Payers TIN. It is a 9 digit number without any dashes.

Enter as if there were no dashes and choose the format that accepts your Payer's TIN.  See image below. 

 

To enter your 1099-NEC, here are the steps:

 

In TurboTax online,

  • Sign into your account, select Pick up where you left off
  • From the upper right menu, select Search and type in 1099nec and Enter
  • Select the Jump to 1099nec
  • Follow prompts

Generally, most taxpayers who receive a Form1099-NEC are considered as self employed by the IRS and required to pay self-employment tax.  You will need to file a Schedule C reporting both income and any related expenses.  You will also need to file a Schedule SE to pay your self-employment tax.  If you received the form for a non-self employment income, you will enter it as Other Income on your Form 1040.  Follow the prompts in the TurboTax program and it will take you there.  To learn more, click here: 1099-NEC

 

 

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