If you are the payer, follow these steps. You must file Form 1099-NEC for anyone who earned $600 or more.
Starting in tax year 2020, 1099-NEC (non-employee compensation) will be issued to self-employed individuals, like independent contractors, freelancers, or side-giggers who have been paid $600 or more. Wages might not trigger a 1099-NEC if they are under $600, but you are still responsible for reporting all income whether a 1099-NEC was received or not. As a self-employed person, you are required to report your self-employment income if your net earnings from self-employment are $400 or more.
How do I create W-2 and 1099 forms for my employees or contractors?
You can use TurboTax Self-Employed, TurboTax Self-Employed Live, TurboTax Home & Business for Windows, and TurboTax Business to create W-2 and 1099 forms (including 1099-NEC and 1099-MISC) for your employees and contractors.
Instructions for TurboTax Self-Employed and TurboTax Self-Employed Live
Instructions for TurboTax Home & Business CD/Download software
Instructions for TurboTax Business
