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posted Apr 12, 2023 11:26:01 AM

First responder gets free rent from apt. He got his W2 from the City. Also got 1099NEC Box 1 from the apt. How to report in TurboTax? Or should it be 1099 Misc box 3?

Single, no other sources of income other than w2. Not employed by complex.

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Level 7
Apr 12, 2023 1:27:59 PM

Any business that makes nonemployee compensation payments totaling $600 or more to at least one payee or withholds federal income tax from a nonemployee’s payment, will now use this revamped form to report those payments and withholding must file Form 1099-NEC.

 

Follow these steps to enter your 1099-NEC.

  1. Open TurboTax.
  2. Go to Federal, the Wages & Income.
  3. Scroll down to "Other Common Income."
  4. Select Form-1099-NEC, select Start or Revisit
  5. The next screen, "Do You Want to Enter Your 1099-NECs Now? I select, "Add a 1099-NEC."
  6. The next screen, "Let's get the info from your 1099-NEC.