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March 30, 2023
Question

1099NEC Notice 2014-7

  • March 30, 2023
  • 1 reply
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I have a 1099 NEC, can I just buy the Deluxe desktop version?  If so, how do I report Notice 2014-7 on it?

    1 reply

    JohnB5677
    March 30, 2023

    Yes, Deluxe will handle a Form 1099-NEC and Notice 2014-7.

     

    In the CD/Desktop version

    1. Start at FEDERAL TAXES
    2. Select Wages & Income
    3. [I'll choose what I work on]
    4. Scroll to 1099iMISC and Other Common Income
    5. Select Income from 1099-NEC [Start/Update]
    6. Add another 1099-NEC
    7. Post your information [Continue]
    8. Describe the reason for this 1099-NEC
    9. Post Notice 2014-7
    10. Does one of these uncommon situations apply?
    11. Select This Income is a medical waiver payment that qualifies as a difficulty of care payment [Continue]
    12. Complete the interview.

    For more information please see: Certain Medicaid Waiver Payments May Be Excludable From Income

    If this does not completely answer your question, please contact us again and provide some additional details.

     

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