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Level 2
posted Apr 14, 2024 10:42:58 PM

Create and file 1099-NEC with Turbotax Premier Desktop

Hello,

 

I have been using the Premier version for the past years. I clearly remember being asked if I need to create 1099s everytime I opened turbotax for the first time. Now, when I actually need to, I can no longer find the option to do so. The interview for rental properties asks if I have paid any contractors that I need to send 1099 to and then asks if I have already done so. And that seems to be the end of the story.

 

Was this functionality removed? How do I go about creating and efiling the 1099-NEC forms for contractors that I have paid as a landlord?

 

Thank you.

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1 Best answer
Level 15
Apr 14, 2024 11:03:17 PM

Since the 1099s were due to the person and IRS on Jan 31 you are already very late.  Either upgrade to the Home & Business version, or use the Online Premium version or find another way.  You can use Turbo Tax until October.  

4 Replies
Level 15
Apr 14, 2024 10:45:44 PM

Sorry that has only ever been available in the Home & Business version, not Premier.  You must have bought Home & Business in the past.  

Level 2
Apr 14, 2024 10:56:27 PM

Thanks for the quick response.

 

I have used Home and Business in the past when I was contracting but switched to Premier when I only had rentals to report based on the comparison grid. Given that it is the last day, any ideas on how I can generate and file the 1099s?

 

Thanks.

Level 15
Apr 14, 2024 11:03:17 PM

Since the 1099s were due to the person and IRS on Jan 31 you are already very late.  Either upgrade to the Home & Business version, or use the Online Premium version or find another way.  You can use Turbo Tax until October.  

Level 2
Apr 14, 2024 11:07:16 PM

I only recently found out about the requirement. I have found the option to upgrade and will be doing so.

 

Many thanks for your help.