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New Member
posted Mar 9, 2025 7:11:14 AM

I only have 1099 no W2

That’s it, I don’t have W2’s just 1099

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2 Replies
Expert Alumni
Mar 9, 2025 7:14:24 AM

You need to enter the Form 1099-NEC in the business income section of TurboTax. You will be asked to set up a business to report the income as the IRS will assume you own a business. You can enter expenses that are ordinary and necessary for generating the business income.

Level 10
Mar 9, 2025 7:16:32 AM

That's OK. Just leave the W-2 data blank and fill out the 1099 investment data.