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January 8, 2025
Question

Can I create a 1099 NEC ?

  • January 8, 2025
  • 1 reply
  • 0 views
I need to report income that was paid to an independent contractor.

    1 reply

    VolvoGirl
    January 8, 2025

    You need to give a 1099NEC (previous a 1099Misc) 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.

     

    How to create W2s and 1099

    https://ttlc.intuit.com/community/forms/help/how-do-i-create-w-2-and-1099-forms-in-turbotax/00/25869

     

    You will need to manually enter the amount on your Schedule C as Contract Labor line 11.