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Level 1
March 15, 2021
Question

1099-NEC

  • March 15, 2021
  • 1 reply
  • 2 views

I received several 1099-NEC.   I filled in all the displayed blocks, but there was no block to enter the amount of moneys received.  How do i enter the money received.

    1 reply

    Level 15
    March 17, 2021

    Please follow these steps to enter your 1099-NEC:

    The money that you received is in box 1 please follow these steps:

    1. Open your return
    2. Click on "Search" on the top right and type “self-employed”
    3. Click on “Jump to self-employed”
    4. Answer the questions until the "Any NEC-1099 income" screen and answer "yes"
    5. Enter your 1099-NEC income from box 1. If you have other boxes filled in then check the box "My form has other info in boxes 4-7"
    6. Continue to the "Enter business income that is not on a 1099-NEC or 1099-MISC" screen to enter other income received for this business

     

    Please see What is the self-employment tax?, What self-employed expenses can I deduct? and What is Form 1099-NEC? for additional information.

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