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

fbangasser · ‎May 4, 2021

ToddL99 · ‎May 4, 2021

What was this payment for?

fbangasser · ‎May 5, 2021

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?

LinaJ2020 · ‎May 6, 2021

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

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