Do I need to enter my 1099 in the self employed business section and under the personal section? Is one spot better than the other?

Forum|Forum|7 years ago
June 4, 2019
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TurboTax Self Employed Online

Best answer by AnthonyC

Do NOT enter the same 1099-MISC in both sections.

If your 1099-MISC is for business income (or you are an independent contractor), then its best to enter it in the self employed section (i.e. create a business profile and add all your income including the 1099-MISC and then take all your expenses). If you enter a business-related 1099-MISC in the personal section, the program will likely move it to the business section anyways after you answer business related questions.

If your 1099-MISC is for a personal item - i.e you won a prize or its a one time payment for something you aren't in business for - then enter it in the personal section.

AnthonyCAnswer

Level 12

Do NOT enter the same 1099-MISC in both sections.

If your 1099-MISC is for a personal item - i.e you won a prize or its a one time payment for something you aren't in business for - then enter it in the personal section.