I believed I received a 1099-NEC for incorrect reasons. Context -- I was forced to move out of my rental apartment by a new owner, and in the process was given a small sum to assist with moving expenses. That sum is now on the 1099-NEC.
Given that it is now a little too late to reach out to the apartment owner to get them to change/retract the 1099-NEC, how should I account for this within TurboTax before filing this Monday?
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The 1099-NEC that you received is not for NonEmployee Compensation. This is entered in TurboTax so that it doesn't create a business return for you. It will be taxed as other income.
To enter this into your TurboTax account follow these steps:
The 1099-NEC that you received is not for NonEmployee Compensation. This is entered in TurboTax so that it doesn't create a business return for you. It will be taxed as other income.
To enter this into your TurboTax account follow these steps:
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