1099-NEC questions
I started a new job last year. I am employed by a business, Business A, that provided me a standard W-2. As part of my employment which started last year, I received a sign-on bonus (provided by a different business, Business B, which I provided services for as a non-employee contractor as part of an agreement with my actual employer aka Business A). They gave me a 1099-NEC form with this amount- which I entered in the 1099-NEC section as additional income.
My wife also works as a contractor (dental work)- and received a 1099-NEC from the business she works for/provide dental services for.
Neither one of us have our own business- but when I enter our 1099-NEC as additional income in TurboTax Deluxe, it is requiring me to 'create a business' for both of us to attribute this additional income to, so it asks for a business name, business address, etc. However, we obviously do not have a business, so I am not sure what to put under these, or if I should just leave them blank. When I leave them blank, and TurboTax does a 'smart check' -it finds multiple errors as these sections are blank. I suppose I could put my name as the business name and my home address as the business address- but I am not sure if that is the right approach.
Any help would be appreciated. Thank you.
