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richtheruler1904
New Member

I worked for a job that gave me a 1099, now it says to file I have to wait for a form for Profit/Loss from business. I did not have a business, how can I file now?

 
4 Replies
xmasbaby0
Level 15

I worked for a job that gave me a 1099, now it says to file I have to wait for a form for Profit/Loss from business. I did not have a business, how can I file now?

The IRS considers you to be self-employed, so you are being told to enter a Schedule C for your expenses.

 

https://ttlc.intuit.com/questions/2893577-does-a-1099-misc-mean-i-m-self-employed

 

https://ttlc.intuit.com/questions/2903027-how-do-i-report-income-from-self-employment

 

https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

 

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

 

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

 

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
VolvoGirl
Level 15

I worked for a job that gave me a 1099, now it says to file I have to wait for a form for Profit/Loss from business. I did not have a business, how can I file now?

I wonder what form  you need?  Schedule C is available to efile now.  

AmeliesUncle
Level 13

I worked for a job that gave me a 1099, now it says to file I have to wait for a form for Profit/Loss from business. I did not have a business, how can I file now?


@VolvoGirl wrote:

I wonder what form  you need?  Schedule C is available to efile now.  


I don't think the Form 8995 (for QBI) is ready yet.

xmasbaby0
Level 15

I worked for a job that gave me a 1099, now it says to file I have to wait for a form for Profit/Loss from business. I did not have a business, how can I file now?

And you are posting from Deluxe online and not Self-Employed, so we are confused as to what your 1099 was for and what form it is really saying you need.  Click Review to see what form you are waiting for.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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