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Level 2
June 3, 2019
Question

How do I create a Schedule C form for Self-Employed?

  • June 3, 2019
  • 1 reply
  • 0 views
I'm filling out the 1099 Misc, but its asking for the Payer's Name and Payer's EIN. I had the taxes done from a professional last time, so not sure how to submit this on Turbo tax.

1 reply

June 3, 2019

The question is asking who issued you a 1099-Misc. The IRS will also receive a copy and will match the income reported on your return vs. Box 7 of the 1099.

To Enter Form 1099-MISC:

1. Select "Business" at the top of the screen

2. Choose "Continue", then "I'll choose what I work on"

3. Select "Start" next to "Business Income and Expenses"

4. Select "Edit" next to your business name

5. Scroll down to “Business Income” and select “Start”

6. Now select "Start/Update" next to "1099-MISC Income"

7. Select "+Add Another 1099-MISC

MuBaKaAuthor
Level 2
June 3, 2019
I did not receive a 1099, as the income I received is from my own business and its based on commission from international clients.

I'm trying to find how to put this information on a Schedule C, but everywhere I read it mentions you need to fill out 1099-MISC.