turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How do I split one 1099 NEC form to two different types business income

Hi, I have two small business and both have income last year but only received one 1099 NEC form. The total amount is correct.

I need to split them to two business.

Should I type the same form twice or adjust the amount to actual value?

 

Thanks

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
DawnC
Expert Alumni

How do I split one 1099 NEC form to two different types business income

Yes, enter 2 forms that add up to the amount on your form.  Use the same payer information, just change the amounts, but make sure they add up to the amount of your form.   Example: if you have one form with $10K on it >>  enter 2 forms with $5k each.   Then link the 1099s to their respective Schedule C.   

**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

1 Reply
DawnC
Expert Alumni

How do I split one 1099 NEC form to two different types business income

Yes, enter 2 forms that add up to the amount on your form.  Use the same payer information, just change the amounts, but make sure they add up to the amount of your form.   Example: if you have one form with $10K on it >>  enter 2 forms with $5k each.   Then link the 1099s to their respective Schedule C.   

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies