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I am a W2 employee of a comp that sells construction equipment. Manufacturers of the equipment pay me sales incentives and sent me 1099-NECs, where to enter in TurboTax?

 
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2 Replies
DavidD66
Expert Alumni

I am a W2 employee of a comp that sells construction equipment. Manufacturers of the equipment pay me sales incentives and sent me 1099-NECs, where to enter in TurboTax?

You will have to report that as self-employment income.  When you enter a Form 1099-NEC, it automatically flows to Schedule C.  If you have any expenses that are directly related to that income, you can deduct them on Schedule C.  To enter you 1099-NEC, click on search, type in 1099-NEC, and then click on Jump to-1099-nec.  The program will walk you through the process.

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I am a W2 employee of a comp that sells construction equipment. Manufacturers of the equipment pay me sales incentives and sent me 1099-NECs, where to enter in TurboTax?

Thanks, I ended up putting it in Misc Income so it would post in Schedule 1, Line 8.

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