I have an independent contractor, that does not have a corporation. Do I need to fill out a 1099- misc or a 1099-nec for them?

You would fill out a 1099-NEC if you paid at least $600 during the year.  You are required to send Form 1099-NEC to vendors or sub-contractors during the normal course of business you paid more than $600, and that includes any individual, partnership, Limited Liability Company (LLC), Limited Partnership (LP), or Estate.

 

• 1099-NEC. Businesses will now file Form 1099-NEC for each person in the course of the payor’s business to whom they paid at least $600 during the year. This payment would have been for services performed by a person or company who IS NOT the payor’s employee. (Instructions to Form 1099-NEC)
• 1099-MISC. Other payments over $600 that a payer makes in the course of the payer’s business for things such as rent, prizes and awards, or “other income payments” are reported on Form 1099-MISC.

Where in Home and Business TurboTAx are the instructions and the form to complete.  1099NEC due Feb 1. 

I can't find the instructions or how to send the 1099s.  Help!

First, to complete the forms in the Home and Business product: 

 

Click on the "File" button in top left hand corner

"New return"

"Start a new return"

 

You will find two options; one will be to complete employer forms.

 

Complete the forms via the interview and print/save.

 

You will need to mail copies to the contractor and the IRS. 

 

The IRS Copy A must be accompanied by a the Form 1096 and mailed to one of the service centers per Section D of this link.