If you have "Non-employee compensation" (Box 7 of a 1099-MISC), according to the IRS it is considered income from self-employment. You are considered to have a self-employed "business" and you are the "owner". TurboTax will help you report it as Business Income on a Schedule C or C-EZ.
First, make sure to edit or delete any 1099-MISC if it was entered incorrectly.
· Simply search for the form number (for example, 1099-MISC) and then click the "Jump to" link in the search results to get to the Summary screen.
If that doesn't work:
1. Open your return in TurboTax.
(To do this, sign in to TurboTax, and click the orange Take me to my return button.)
2. In the upper right corner, click My Account > Tools.
3. In the pop-up window, select Delete a form.
4. Click Delete next to the 1099-MISC and follow the onscreen instructions.
Then, Delete your Schedule C business:
1. With your return open, search for this exact phrase: business (schedule c) (include the parentheses) and then click the "Jump to" link in the search results.
2. Answer Yes when asked if you had (or want to work on) business income and expenses for 2016.
o That's right – you'll need to answer Yes, even though it doesn't make sense.
o If you're being forced to upgrade to Home & Business, contact us for further assistance.
3. When you get to the Business info or Business Summary screen, click Delete next to the defunct business.
4. Answer Yes to confirm the removal of all business-related forms.
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