1099-NEC posting bug

Forum|Forum|5 years ago
January 26, 2021
16 replies
75 views

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.

TurboTax Home & Biz Windows

Anonymous_

Level 15

@Rjuleen wrote:

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

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

WoodyF

Level 2

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_

Level 15

@WoodyF wrote:

Any idea when?

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

lilyseeds

Level 2

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

Critter-3

Level 15

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

Level 2

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.

lilyseeds

Level 2

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

Level 2

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

Level 14

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?