2010651
I have just begun to enter our business expenses for 2020. The process seems to have changed. There is no way to enter normal business expenses, nor it there a way to enter our income as stated on form 1099. Please
assist. Ours is a very small business, earning under 5,000.00 before expenses.
Thanks,
Sherryl Mettar
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We'll automatically complete Schedule C when you set up your self-employment work in TurboTax or when you enter what the IRS considers self-employment income, which is usually reported on Form 1099-NEC or 1099-MISC.
Schedule C is supported in TurboTax Self-Employed (both online and in the mobile app) and in all personal 1040 versions of the TurboTax CD/Download software.
To set up your business:
If you need Schedule C to report a 1099-NEC or 1099-MISC, search for 1099-NEC or 1099-misc and select the Jump to link. Answer Yes to Did you get a 1099-NEC or 1099-MISC? We'll ask questions to find out if your 1099 income needs to go on Schedule C.
If your 2018 or earlier return requires Schedule C-EZ, we'll also generate a Schedule C for background calculation purposes only. It won't get filed with your return.
for more information on Schedule C follow this link-
Reporting Self-Employment Business Income and ... - TurboTax
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