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unclem2
New Member

Can schedule c be combined

 
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Accepted Solutions

Can schedule c be combined

Then you should be entering the  expenses related to your work as an insurance agent on Schedule C.  In the Wages and Income section of the TurboTax program, after entering the W-2, the program would have given you a screen Any Related Business Expenses.  Answering Yes will allow the program to take you through the business income and expenses section for Schedule C later in the interview after completing the Wage and Income section.

Using the TurboTax online editions you would need to use or upgrade to the Self-Employed edition.

Using the TurboTax desktop CD/Download editions, any of the editions can be used to complete a Schedule C. 

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17 Replies

Can schedule c be combined

Combined ?   Define combined.

Can schedule c be combined

Schedule C is used by a sole proprietor/independent contractor/single member unincorporated LLC only.  What exactly are you trying to do with the Schedule C?
unclem2
New Member

Can schedule c be combined

insurance agent receives w2 and 1099 can all deductions go on one schedule c
Carl
Level 15

Can schedule c be combined

Assuming the 1099 is a 1099-MISC and that the income is reported in box 3 or 7, any and all expenses *directly related* to the income reported on the 1099-MISC, go on the SCH C. As an insurance agent, I don't see much of anything going on the SCH C for the expenses, as I'm expecting the 1099 income to be commissions only.
unclem2
New Member

Can schedule c be combined

w2 and 1099 are both commission, w2 has no federal tax withdrawn but it does have social security

Can schedule c be combined

Is the box 13 for statutory employee checked on your W-2?
unclem2
New Member

Can schedule c be combined

yes
unclem2
New Member

Can schedule c be combined

still confused the program asked me to merge w2 with 1099 on schedule c but run smart comes up with errors

Can schedule c be combined

You have to create other Schedule C business for the income reported on the Form 1099-MISC and enter any expenses related to that income only.
unclem2
New Member

Can schedule c be combined

they want me remove 1099 from schedule c
unclem2
New Member

Can schedule c be combined

2 separate schedule c for the same job

Can schedule c be combined

Yes.  One for the income received from the W-2 and one for the income received from the 1099-MISC.
unclem2
New Member

Can schedule c be combined

ty not good expenses are combined because job is same ty again

Can schedule c be combined

And FYI, the instructions for statutory employee income are on the Schedule C instructions page 5 - <a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/i1040sc.pdf#page=5">https://www.irs.gov/pub/irs-pdf/i1040sc.pdf#page...>

"If you had both self-employment income and statutory employee income, you must file two Schedules C. You cannot use Schedule C-EZ or combine these amounts on a single Schedule C."

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