2431281
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How to file through Turbo Tax with IRS a 1099NEC by Payer for 2021?

How to file a 2021 Form 1099NEC by payer to the IRS through Turbo?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
ColeenD3
Expert Alumni

How to file through Turbo Tax with IRS a 1099NEC by Payer for 2021?

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

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question