I entered my 1099-nec and all business expenses but when I go to file it says I need to link it to schedule c. What do I need to do?

Once you input your 1099-NEC, you must answer all of the questions after the input screen so it flows through to your Schedule C. If it has not been assigned, TurboTax will give you an error message. 

 

To assign your 1099-NEC to a Schedule C, please follow the steps below: 

1. Open your return.
2. Search for 1099-NEC with the magnifying glass tool at the top of the page.
3. Click on the Jump to 1099-NEC link at the top of the search results. 
4. Click Edit next to your 1099-NEC.
5. On the page titled Guess what? You can deduct expenses for the example work choose Yes, I have expenses to deduct.
6. On the page titled Self-employed 1099-NEC Income select the Schedule C you are inputting this income for. If this is a new Schedule C for this year, you can add a new business on this screen.

To confirm your 1099-NEC was linked to your Schedule C, please follow the instructions below:

1. Open your return.
2. Search for Sch C with the magnifying glass tool at the top of the page.
3. Click on the Jump to Sch C link at the top of the search results. 
4. On the page titled Your 2020 self-employed work summary, you should see your 1099-NEC listed with the corresponding amount. 
5. Click review next to the income from your 1099-NEC. 
6. Follow the on-screen instructions on the following pages. 

I entered my wife’s 1099-nec data , also entered expenses , after all,this , does not show my wife’s 1099-nec income and subtracts , expenses from income and shows zero on from 1099-nec , 

i thouroughly checked all,lines and entries 

Did you enter info thru Schedule C section as well?

 

When you receive a non-employee compensation on a 1099-NEC, you will need to enter the information in both Form 1099-NEC and Schedule C sections.  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

 

At the end, the self-employment net profit will show on your Schedule 1 line 3 and line 8 of your Form 1040. 

 

@ Rbakerman