01-15-2021, 10:35 AM
A heads up on 1099-MISC this year. Box 7 (non-employee compensation) is usually where your money is listed. But in turbotax, Box 7 has a big fat NA (not applicable) beside it and won't let you enter the amount.
Took me some searches to track down what's going on. It turns out that non-employee compensation is no longer on 1099-MISC. You'll get a new form 1099-NEC that has it.
Not that I've gotten my 1099s. I was just fudging numbers into Tubotax to get an idea of where we stand, and got blind-sided by this.
Took me some searches to track down what's going on. It turns out that non-employee compensation is no longer on 1099-MISC. You'll get a new form 1099-NEC that has it.
Not that I've gotten my 1099s. I was just fudging numbers into Tubotax to get an idea of where we stand, and got blind-sided by this.