Question

Sending a 1099-nec

Forum|Forum|4 years ago
April 11, 2022
1 reply
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There is a lack of FAQ or any other search item on 1099-nec. 2 years I've been upgrade one or more levels (more profit for TurboTax) to find no real solution on the subject.
You DO NOT have to be a business to issue a 1099. And you DO NOT have to have EIN. A regular person can do so and this should be very clear. After reaching the IRS on their 1099 / FIRE (Electronic Filing System)

VolvoGirl

You can get the 1099NEC & 1096 forms from the IRS to fill out. In Turbo Tax you need to use the Online Self Employed version or the Desktop Home & Business program to prepare 1099NEC.

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

IRS forms

2021 1099NEC

https://www.irs.gov/pub/irs-pdf/f1099nec.pdf

2021 1099NEC Instructions

https://www.irs.gov/pub/irs-pdf/i1099mec.pdf

2021 1096 Transmittal

https://www.irs.gov/pub/irs-pdf/f1096.pdf

Why do you need to issue a 1099NEC? Are you self employed? And yes, you do not need a EIN. I use my ssn.