Form 1099-NEC new way to report self-employment income instead of Form 1099-MISC. Please follow these steps to enter your 1099-NEC income: Login to your TurboTax Account Click on the Search box on the top and type “self employed income" (use this exact phrase) Click on “Jump to self employed income ” Continue answering questions until "Let's enter the income for X work" screen and select "Form 1099-NEC"Please see What is Form 1099-NEC? if you want to learn more about the new form.

Question

Where do I enter 1099-NEC income? The program wont give me a straight answer. Are we waiting for an update?

Forum|Forum|5 years ago
January 23, 2021
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TurboTax Self Employed Online

D

DanaB27

Form 1099-NEC new way to report self-employment income instead of Form 1099-MISC. Please follow these steps to enter your 1099-NEC income:

Login to your TurboTax Account
Click on the Search box on the top and type “self employed income" (use this exact phrase)
Click on “Jump to self employed income ”
Continue answering questions until "Let's enter the income for X work" screen and select "Form 1099-NEC"

Please see What is Form 1099-NEC? if you want to learn more about the new form.

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J

jhoskins9750

I'm using the 2020 Home & Business CD. I don't see a place for 1099-NEC, just 1099-MISC. Where do you enter a 1099-NEC?

S

sls50211

Same place as the 1099-Misc. Make sure your software is up to date. You can do this by clicking "Online" in the top menu bar then "Check for Updates". Under the "Business and Income" screen Start Business Income. There you will see the input for the 1099-NEC Start. Continue through the screens to enter the 1099-NEC.

The 1099-NEC is a new form for the 2020 tax year. The NEC represents Non Employee Compensation and will be used for business payments to individuals going forward.