About Form 1099-NEC

• Taxpayers should receive a 1099-NEC form, if they earned more than $600 as compensation for services they performed for an individual who is NOT their employer.

• Taxpayers who receive this form are considered independent contractors.

• Form 1099-NEC must be linked to SCH C (Profit or loss from a business) or SCH F (Profit or loss from a farm).

• Failure to link 1099-NEC to the proper form will result in failure to pay the proper amount of taxes.

Completing Form 1099-NEC

1. Select Add Form.
   
   

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2. Locate and highlight Form 1099-NEC in the All Forms & Schedules Menu. Double-click to add.
   
   

    

3. If a joint return, choose New Taxpayer's or New Spouse's Occurrence.
   
   

    

4. Complete the 1099-NEC, filling in all applicable sections.
   
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Linking Form 1099-NEC

1099-NEC must be linked to the appropriate form either SCH C (Profit or loss from a business) or SCH F (profit or loss from farming).

1. Select the Link to (1040, SCH C, or F) box in box 1 of Form 1099-NEC.
   
   

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2. Select Choices (either from the Active Options Window-desktop/hosted or by alt+C-CLO).
   
   

3. Select the SCH you wish to link to. Double-click to link.
   
   

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