What form do I need if I was a life insurance sales agent?

[camronmarch]

I worked for Globe Life: Liberty National Division.

[MonikaK1]

A full-time life insurance sales agent whose principal business activity is selling life insurance or annuity contracts, or both, primarily for one life insurance company, is typically treated as a statutory employee. See this IRS webpage for more information.

If you are a statutory employee, you report your income and expenses related to statutory employee income on a Schedule C, Business Income and Loss. Enter your statutory employee income from box 1 of Form W-2 on line 1 of Schedule C and check the box on that line.

Please see this thread for further discussion of this issue. You would need either TurboTax Self-Employed/Premium or TurboTax Home and Business in order to show income and expenses on Schedule C.

[camronmarch]

I did not recieve a W2 from the company, butmy supervisor had mentioned something about a 1099 form. 

I never received any check stubs from the company, it was all done online, but I know that no taxes were ever taken out and it was 100% commission based.

[PattiF]

You should ask your supervisor for a 1099 form that reports your earnings.  The life insurance company does not have to issue a 1099 if you were paid less than $600.

You can file your return without a 1099-NEC form if you have a total of the amounts that you received from the company. Check your online records to see if you earned more than $600 and can expect to receive a 1099-NEC (Non-employee compensation).

If you will not be receiving a 1099, you can enter the income into TurboTax.

To enter Form 1099-NEC, or the amount that you have calculated as self-employment:

• Go to Wages & Income, 
• scroll down to Self-Employment, and
•  select Show More and Start.
• You can enter income and expenses in this section.

@camronmarch