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Returning Member
posted May 4, 2021 2:38:53 PM

My employer, New York Life, issued a 1099-NEC for Nonemployee Compensation. I do not know where to input the information. It is for $5,193.22

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3 Replies
Expert Alumni
May 4, 2021 2:51:03 PM

What was this payment for?

 

Returning Member
May 5, 2021 2:07:43 PM

The answer NYL gave me was "commissions earned for policies i sold after your retirement in 2014."

Fred ph [phone number removed]

can you call me?  How do i get this into my return?

Expert Alumni
May 6, 2021 9:23:02 AM

This income should be placed under "Other Income".  To enter this 1099-NEC,  here are the steps:

 

In TurboTax online, 

  • Sign into your account, select Pick up where you left off
  • From the upper right menu, select Search and type in 1099nec and Enter
  • Select the Jump to 1099nec
  • Follow prompts to complete the section
  • On screen, "Does one of the these uncommon situations apply?"  Select None of these apply to me 
  • Next screen, " You can deduct expenses for your work", select No

 

The amount will show on line 8 of Schedule 1 and Form 1040 as Other Income.

 

@ fbangasser