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July 2, 2024
Question

How do I obtain a 1099-NEC for my subcontractor

  • July 2, 2024
  • 1 reply
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How do I obtain a 1099-NEC form to give to my subcontractor?

1 reply

VolvoGirl
Employee
July 2, 2024

How to prepare 1099Misc & W2
https://ttlc.intuit.com/community/forms/help/how-do-i-create-w-2-and-1099-forms-in-turbotax/00/25869

 

You can prepare W2 and 1099NEC & 1099MISC in either the Desktop Home & Business program or the Online Premium version.

 

For Online Premium:
Sign in to TurboTax.
Select Tax Home from the left menu (you might already be there).
Scroll down and select Your account.
Select Create W-2s and 1099s.
This will log you in to Quick Employer Forms.
Follow the instructions to create forms online for your employees or contractors.

 

You need to give a 1099NEC to anyone you paid $600 or more to for the year. But not to corporations or for merchandise. You send the IRS a copy of the 1099NEC with the transmittal summary form 1096. These are due to the person by Jan 31 and to the IRS by Jan 31 also.

 

IRS forms for Independent Contractors to give out

Forms and Associated Taxes for Independent Contractors | Internal Revenue Service

 

See 1099NEC instructions starting on page 7

https://www.irs.gov/pub/irs-pdf/i1099mec.pdf