The 1099 NEC I received does not have EIN on it but Turbotax desktop requires it. What should I do?

Forum|Forum|5 years ago
March 1, 2021
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TurboTax Online

Best answer by HelenC12

@neojgao If your 1099-NEC form has a Social Security Number instead of an Employer Identification Number:

On the Let's get the info from your 1099-NEC screen, select the radio circle next to xxx-xx-xxxx instead of Payer's federal ID Number.

The 1099-NEC form specifically reports Nonemployee Compensation if you worked as a freelancer or contractor last year. Report your self-employment income on Schedule C, Profit or Loss From Business.

If an expense is directly related to the work you do, you can deduct it as an expense.
Work-related expenses reduce your taxes by lowering the amount of self-employment income you get taxed on

HelenC12Answer

@neojgao If your 1099-NEC form has a Social Security Number instead of an Employer Identification Number:

On the Let's get the info from your 1099-NEC screen, select the radio circle next to xxx-xx-xxxx instead of Payer's federal ID Number.

The 1099-NEC form specifically reports Nonemployee Compensation if you worked as a freelancer or contractor last year. Report your self-employment income on Schedule C, Profit or Loss From Business.

If an expense is directly related to the work you do, you can deduct it as an expense.
Work-related expenses reduce your taxes by lowering the amount of self-employment income you get taxed on

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neojgaoAuthor

Thank you for your response! But the 1099 NEC form doesn't have SSN either. What should I do?

HelenC12

Contact the company or organization that sent you the 1099-NEC form. They need to give you the Payer's TIN. Also, your SSN should be under Recipient's TIN.