Entering 1099 Misc data line 7

Forum|Forum|5 years ago
May 13, 2021
1 reply
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When entering 1099-Misc data into Turbo Tax, Turbo Tax form says that line 7 is "NA" (not applicable.) However, on my 1099 Misc form received from a company, line 7 says "nonemployee compensation" and is exactly where they placed the amount of money paid to me. What's up?

LenaH

Community Manager

For 2020, nonemployee compensation on the prior year Form 1099-MISC is now reported on Form 1099-NEC. Therefore, there is no nonemployee compensation in Box 7 on a 2020 1099-MISC. Please confirm that you are looking at your form for the correct year.

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stephenbur

Level 2

I am in TurboTax Deluxe MAC 2021, and I am being shown a form 1099-MISC, not a 1099-NEC like last year. What's the deal???

ThomasM125

Level 15

@stephenbur

There is still a form 1099-MISC, but it is used to report Rents and Royalties for the most part, not self-employment income. Maybe you are in the Rental section in TurboTax, not the self-employment income section.

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