turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

1099-NEC entries not yielding tax amount owed in TurboTax

Hello,

 

I have entered my 1099-NEC forms, and it does not appear to be generating an amount for taxes owed on this independent contractor income.  Is there something wrong with the TurboTax software? The summary page reads "$0.00" as the taxable amount.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
MaryK4
Employee Tax Expert

1099-NEC entries not yielding tax amount owed in TurboTax

Can you clarify if you entered your Schedule C Self-employment information and expenses?  If you just entered the 1099-NEC, you must go back and enter the business information and expenses.  @Liz_Wilson 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

1099-NEC entries not yielding tax amount owed in TurboTax

After spending 90 minutes on the phone with an Intuit customer service representative and an engineer, we all learned that the amount of income from 1099-NEC, despite being entered correctly, is not accounted for in the NEC form area.  Instead, the income appears under business income.  Thank you everyone for your time and advice.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question