Any business that makes nonemployee compensation payments totaling $600 or more to at least one payee or withholds federal income tax from a nonemployee’s payment, will now use this revamped form to report those payments and withholding must file Form 1099-NEC.
Follow these steps to enter your 1099-NEC.
- Open TurboTax.
- Go to Federal, the Wages & Income.
- Scroll down to "Other Common Income."
- Select Form-1099-NEC, select Start or Revisit
- The next screen, "Do You Want to Enter Your 1099-NECs Now? I select, "Add a 1099-NEC."
- The next screen, "Let's get the info from your 1099-NEC.
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