Not sure what this 1099-NEC form is? I dont have one

[tacom7981]

What does this mean??

[LinaJ2020]

Beginning with the 2020 tax year, the IRS will require business taxpayers to report nonemployee compensation on the new Form 1099-NEC instead of on Form 1099-MISC. Businesses will need to use this form if they made payments totaling $600 or more to a nonemployee, such as an independent contractor.  This was done to help clarify the separate filing deadlines on Form 1099-MISC and the new 1099-NEC form will be used starting with the 2020 tax year.

If this form does not apply to you, you can simply remove it from the program.  Here are the steps:

In TurboTax online version:

1.  Sign into your account, select Pick up where you left off

2.  Select Tax Tools, click on the drop down arrow

3.  Select Tools

4.  Under Other helpful links, choose Delete a form

5.  Select Delete next to 1099-NEC and Continue with My Return

[nealspencerwilliams1]

1099-MISC is still used for rent payments 

[LinaJ2020]

To enter a Form 1099-MISC in the program, here are the steps:

• Sign in to your TurboTax account and select Pick up where you left off
• At the right upper corner, in the search box, type in "1099misc" and Enter
• Select Jump to 1099misc
• Follow prompts 
• On screen, "Source of 1099-MISC Income", select the correct type of rental
• Follow prompt to enter information 

Form 1099-MISC reports payments other than nonemployee compensation including rents made by a trade or business to others. For more information, click here: 1099 misc