1099-NEC posting bug

[Rjuleen]

The Home and Business version will not allow me to enter 1099-NEC income to two separate businesses we report on. The system overrides the first 1099-NEC entered to business A when entering to business B. I am able to enter a 1099-MISC to business B and the net income is correct. However, I do not have a 1099-MISC.

[Anonymous_]

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@Rjuleen wrote:

...The system overrides the first 1099-NEC entered to business A when entering to business B.

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The developers are aware of this anomaly and working on a fix, hopefully to be released in the next update.

[lilyseeds]

I'm having the same problem. Hopefully they get this fixed! 

[Critter-3]

FYI ... on a Sch C the IRS only sees the total income.  You NEVER have to enter the 1099 income in the 1099 sections ... you can simply enter it in the Other SE income section, after all you should be reporting all your income per your records  even if you don't ever get a 1099 form.   The IRS gets the 1099 info from the issuer and entering it in the TT program is for your use only ... so if you like you don't have to wait for a fix.  

[lilyseeds]

Thanks for the reply, but I am not interested in work-arounds.

I received a 1099-NEC. If Turbo Tax won't let me report it as such I will change programs.

[Anonymous_]

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@lilyseeds wrote:

Thanks for the reply, but I am not interested in work-arounds.

I received a 1099-NEC. If Turbo Tax won't let me report it as such I will change programs.

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If you received only one 1099-NEC, then you should not be experiencing entry issues.

The issue only affects users with multiple 1099-NECs.

[lilyseeds]

Yes, I do have multiple 1099-NECs.

Thanks

[WoodyF]

I just installed and updated my Turbotax on 31 January, and it's not fixed as of yesterday.  Any idea when?  Seems like a simple fix inasmuch as it could, in all prior editions, handle multiple payer 1099-MISC busineses.

[Anonymous_]

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@WoodyF wrote:

Any idea when?  

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Most of the updates are released on Thursdays so, hopefully, this week.

[Critter-3]

Entering in all the 1099 forms for a Sch C is for your use only ... all the IRS needs is the total annual income from all sources on the Sch C ... so you can delete all those forms and make one simple entry in the OTHER income section which is perfectly legal and is a whole lot less time and effort  ...

[lilyseeds]

I downloaded an update today (February 4) and it seems the 1099-NEC bus has been fixed. I was able to enter 1099-NECs for two different businesses.

[jenniferparker22]

Feb 6th

I have entered 3 1099-NEC forms- one for me, and two for my spouse.  They all default into my name and social security number and won't let me change it.  I don't want to file it this way! VERY FRUSTRATING

[KathrynG3]

To enter in your spouse's 1099-NEC, try entering them as Other Income. In the description, identify the income directly to your spouse if needed. If your spouse is filing a Schedule C separately from yours, it will automatically identify as belonging to your spouse. 

To change your spouse's 1099-NEC's to be for your spouse, follow these steps:

• First, use the search for 1099-NEC and click the Jump to link.
  • When you see the two Forms 1099-NEC for your spouse, click the Trash can Icon to delete them, one at a time.
• Next, re-enter the income by searching for schedule c and clicking the Jump to link
  • Add income for this work as Other self-employed income and Continue
  • Describe the Type of Income as Form 1099-NEC, including the EIN and business name. 
    • This is where to identify the income as your spouse's if necessary.
  • Enter the Amount and click Continue
  • If there are no other adjustments, scroll down and select Done
  • Follow through the rest of the interview and select Done with Income.

Form 1099-NEC is a new form for non-employee compensation that replaces what used to be reported on Form 1099-MISC, Box 7 in the past. For more details, see What is Form 1099-NEC?

[jenniferparker22]

I deleted the 1099-NEC forms and went to schedule C.  That part worked as you said.  But there is nowhere on the screen that says- 

• Add income for this work as Other self-employed income and Continue

All I could do was choose Edit next to my husbands listed business income and then it let me add them at that point.  Although another glitch I keep seeing- it keeps assuming the 1099-NEC is farming income and asks if we have any farm expenses to deduct.  I hope this all gets fixed soon.  I've used Turbo Tax for 20 years for our business and have always felt confident.  This year- too many issues.  I feel like no matter what I do, something is wrong with my return and an audit is on the horizon.  Thanks for trying to help.

[Critter-3]

Wait a second ... if you and your husband BOTH have a Sch C business then you cannot just put your income on his Sch C ... you must add another Sch C for yourself and move the income to your form.