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kimberm
Level 1

Can someone help me fix an error re choosing Sch C, Sch F or Other Income? Only one can be selected to report NEC & since TT chose this for me, I don't know how to fix.

I have a 1099 NEC and 1099 MISC and TT chose where to enter these, not me, I don't know how to fix the error.  It says "A link to Sch C and a link to either Sch F, Form 8919 or the other income stmt have been selected to report NEC and only one can be selected. You must remove the link that is not applicable."   Thank you in advance for any guidance on this.
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Accepted Solutions
LinaJ2020
Expert Alumni

Can someone help me fix an error re choosing Sch C, Sch F or Other Income? Only one can be selected to report NEC & since TT chose this for me, I don't know how to fix.

If you receive a nonemployee compensation on Form 1099-NEC, you will need to enter the information in both Form 1099-NEC and Schedule C sections. If you have entered information under Other Income, you will need to remove it.  Only link the 1099-NEC to Schedule C.  

 

To remove Other Income, here are the steps:

 

1.  Sign into your account, select Pick up where you left off

2.  Select Tax Tools, click on the drop down arrow

3.  Select Tools

4.  Under Other helpful links, choose Delete a form

5.  Select Delete next to the Other Income or related and Continue with My Return

 

You would start from the 1099-NEC section under "1099-MISC and Other Common Income".  You would then follow prompts to tell the program you are filing a Schedule C.  As it creates a Schedule C for you, you will need to go to the Schedule C portion separately to confirm your income amount, add related expenses and complete required information. 

 

In TurboTax online, here are the steps: 

  • Sign into your account, select Pick up where you left off
  • From the upper right menu, select Search and type in 1099nec and Enter
  • Select the Jump to 1099nec
  • Follow prompts to complete the section

Then 

  • From the upper right menu, select Search and type in schedule c and Enter
  • Select the Jump to schedule c
  • Next screen, "Your 2020 work summary" under your self employed business, select Review
  • Continue to enter related expenses and other required information

Generally, most taxpayers who receive a Form1099-NEC are considered as self employed by the IRS and required to pay self-employment tax.  You will need to file a Schedule C reporting both income and any related expenses.

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1 Reply
LinaJ2020
Expert Alumni

Can someone help me fix an error re choosing Sch C, Sch F or Other Income? Only one can be selected to report NEC & since TT chose this for me, I don't know how to fix.

If you receive a nonemployee compensation on Form 1099-NEC, you will need to enter the information in both Form 1099-NEC and Schedule C sections. If you have entered information under Other Income, you will need to remove it.  Only link the 1099-NEC to Schedule C.  

 

To remove Other Income, here are the steps:

 

1.  Sign into your account, select Pick up where you left off

2.  Select Tax Tools, click on the drop down arrow

3.  Select Tools

4.  Under Other helpful links, choose Delete a form

5.  Select Delete next to the Other Income or related and Continue with My Return

 

You would start from the 1099-NEC section under "1099-MISC and Other Common Income".  You would then follow prompts to tell the program you are filing a Schedule C.  As it creates a Schedule C for you, you will need to go to the Schedule C portion separately to confirm your income amount, add related expenses and complete required information. 

 

In TurboTax online, here are the steps: 

  • Sign into your account, select Pick up where you left off
  • From the upper right menu, select Search and type in 1099nec and Enter
  • Select the Jump to 1099nec
  • Follow prompts to complete the section

Then 

  • From the upper right menu, select Search and type in schedule c and Enter
  • Select the Jump to schedule c
  • Next screen, "Your 2020 work summary" under your self employed business, select Review
  • Continue to enter related expenses and other required information

Generally, most taxpayers who receive a Form1099-NEC are considered as self employed by the IRS and required to pay self-employment tax.  You will need to file a Schedule C reporting both income and any related expenses.

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

View solution in original post

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