Hello,
I have received 1099-NEC on my business name and I am not sure how to report it on Turbotax Business 2023.
If I enter it as an income will it double the Business Income since is already entered as an transaction on Quickbooks?
Yes, keep the form in your records.
Yes it will double it. Only enter the income one way from QuickBooks or 1099NEC.
Thank you for your quick answer. What do I do with this form 1099 then? Just keep it for my records?