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kjdj2016
New Member

Business income, self employed

I have a 1099 MISC form but the only thing on it is in box 9 it has an X but there is no other numbers on the form except account numbers so not sure how to enter it.
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1 Best answer

Accepted Solutions
ChristinaS
Expert Alumni

Business income, self employed

If you only have the Box 9 checked, that simply means you are required to calculate and report your income from self-employment without the assistance of a 1099-MISC.

You can delete the 1099-MISC from TurboTax, as it provides no relevant information. The IRS gets it, so they will expect you to a file a Schedule C to report your income and expenses.

You don't need to have a 1099-MISC to have business income/ self-employment income. In your case, your 1099-MISC is as good as not having one at all. Many businesses receive most or all of their income without any 1099 forms whatsoever.

You enter your income as General Income: (using SelfEmployed Online or Home and Business)

  • Business tab of Turbo Tax
  • Update next to Profit or Loss from Business (if you haven't started entering your business because you were "stuck" on the 1099-MISC issue, then go through the initial questions by adding a business)
  • Edit next to your business name
  • Start or Update next to Business Income
  • Start or Update next to General Income
  • Make up your own description under "Tell us about additional income for your XX business" and put the amount you were paid.

The description above will save on your worksheets, but the IRS only sees total income. You are required to claim all income whether you got a  (helpful) 1099MISC or not, but you are not required to list the source of every dollar.

For instance, as a tax preparer/ advisor, I get few 1099 forms. Using Turbo Tax, I would enter all of my income under General Income as "tax prep". I certainly wouldn't list every payment per client.

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3 Replies
ChristinaS
Expert Alumni

Business income, self employed

If you only have the Box 9 checked, that simply means you are required to calculate and report your income from self-employment without the assistance of a 1099-MISC.

You can delete the 1099-MISC from TurboTax, as it provides no relevant information. The IRS gets it, so they will expect you to a file a Schedule C to report your income and expenses.

You don't need to have a 1099-MISC to have business income/ self-employment income. In your case, your 1099-MISC is as good as not having one at all. Many businesses receive most or all of their income without any 1099 forms whatsoever.

You enter your income as General Income: (using SelfEmployed Online or Home and Business)

  • Business tab of Turbo Tax
  • Update next to Profit or Loss from Business (if you haven't started entering your business because you were "stuck" on the 1099-MISC issue, then go through the initial questions by adding a business)
  • Edit next to your business name
  • Start or Update next to Business Income
  • Start or Update next to General Income
  • Make up your own description under "Tell us about additional income for your XX business" and put the amount you were paid.

The description above will save on your worksheets, but the IRS only sees total income. You are required to claim all income whether you got a  (helpful) 1099MISC or not, but you are not required to list the source of every dollar.

For instance, as a tax preparer/ advisor, I get few 1099 forms. Using Turbo Tax, I would enter all of my income under General Income as "tax prep". I certainly wouldn't list every payment per client.

kengs23
New Member

Business income, self employed

i need to talk with a live person
kengs23
New Member

Business income, self employed

i need to fill out a schedule C
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