Question

I received a form 1099nec and i do not know where to file it at. I am only seeing a form 1099misc on my return. Any ideas?

Forum|Forum|5 years ago
February 2, 2021
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The IRS has reintroduced Form 1099-NEC as the new way to report self-employment income instead of Form 1099-MISC. This was done to help clarify the separate filing deadlines on Form 1099-MISC. The new 1099-NEC form will be used starting with the 2020 tax year.

In TurboTax Self-Employed you will post this under:

Income & Expenses
Self-Employment Income & Expenses
If you've already started entering the business you will select REVIEW
Select Add income for this work
Under Common Income
Select Form 1099-NEC

About FORM 1099-NEC How to File Taxes with IRS Form 1099-NEC

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What if it is for Renewable Energy Credits and not self employment?

In this case, this is how to enter it.

Wages & Income
1099 MISC and Other Common Income
Select Income from a 1099-NEC
Enter payer's name
EIN Number
Amount you received
State what it was for
Click None of these apply
No you do not have expenses to enter

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