You will need either TurboTax Self-employed or TurboTax Home & Business to complete this.
Go to Business and answer all of the Profile questions.
Then under Your ____ Business
- Scroll down and select Inventory/Cost of Goods Sold
- Yes I have Inventory to report
- Yes I used cost method
- Enter beginning and ending inventory
- This next section will provide an area to enter the information you want to post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Neither of these would accommodate for our primary job, which we receive a W-2 for correct? The other 1099 is just for a little side thing my wife signed up to get discounted beauty products & we were stunned to get the 1099 in the mail but now have to deal with it in some way.
If there is an amount in box 3 of that 1099-MISC or if box 9 is checked, then as far as the IRS is concerned that was a business transaction performed by a business that you own. So is there any amount in box 3 and box 9 is checked? What's the deal?