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Paigebt94
New Member

Unreported income

I started with a company in July and filled out the normal paperwork(i9 ect) .Then on oct 31 2022 they switched to doing a 1099. So my w2 info is correct but I received 3 paychecks  after the 31st of Oct that I need to report. What do I need to do? Thx

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3 Replies
MayaD
Employee Tax Expert

Unreported income

If they switched to doing a 1099 on October 31st, did they report the payment received after that date on a 1099? Did they send you a 1099-NEC?

Starting the end of October, the company is treating you as a self-employed worker, also called an independent contractor. As a contractor, you probably got a 1099-NEC reporting how much money you were paid in box 1.

 

You will report your W-2 and your 1099-Nec.

 

To enter your 1099-NEC in TurboTax:

  1. Sign in and open or continue your return
  2. Search for 1099-NEC and select the Jump to link
  3. Answer the questions and continue through to enter the information from your form
    • If you have multiple 1099-NECs to enter, you can select +Add Another 1099-NEC on the 1099-NEC Summary screen

When you’re done, we’ll ask you a few questions and help you through entering any expenses you may have so that you can reduce your taxable income.

 

 If you weren’t paid $600 or more, a business isn’t required to send you a 1099-NEC , but you still need to report the income.

Follow the steps in the link to report the income: What if I didn't get a 1099-NEC or 1099-MISC, but made money from self-employment?

 

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Paigebt94
New Member

Unreported income

They did not send me a 1099-NEC. And the income is over $5,000

CatinaT1
Expert Alumni

Unreported income

You should have received a form from them, but the income still needs to be reported if you didn't receive a 1099-NEC. 

 

As MayaD states above,  Follow these steps to report the income: What if I didn't get a 1099-NEC or 1099-MISC, but made money from self-employment?

 

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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