Didn't get a 1099-NEC

Forum|Forum|1 year ago
June 5, 2024
2 replies
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I did not receive a 1099-NEC from a company that declared bankruptcy, apparently it was the totally kaput type. I can’t reach anyone at the company to get help. It is possible they filed it electronically with the IRS, but I have no way of knowing. I have all of their information, including their EIN, which makes me wonder if I should file as if I got a 1099-NEC? I know the exact amount so that isn’t an issue. My only other option is to put it on line 1a of my schedule C. Suggestions are appreciated, thanks in advance.

Best answer by rjs

As long as you report the total amount of income, the IRS will be happy. You don't have to enter the 1099-NEC at all. The breakdown of lines 1a - 1f on Schedule C is only internal in TurboTax. All the IRS sees is the total gross receipts on line 1g, which is just line 1 on the actual Schedule C.

rjsAnswer

Employee

JohnASmithAuthor

Employee

Awesome, thanks.

VolvoGirl

Employee

Actually you can just enter it as Other self employment income or as Cash or General income. You should be keeping your own records. You don't need to get a 1099NEC or 1099Misc or 1099K. Even if you did you can enter all your income as Cash. Only the total goes to schedule C.

How to enter income from Self Employment

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

JohnASmithAuthor

Employee

I know how to enter my income on a schedule C, that I have been doing for many years. I just wasn't sure if I entered income on line 1a, and then the IRS received a 1099-NEC, if that might cause confusion. RJS cleared that up for me. I am good to go.