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.

qs4NBC
New Member

business income

We do not own a business. Why is there a business income shown? What caused this?

Connect with an expert
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.

2 Replies

business income

Where is it showing?  Did it fill out a schedule C?  Did you get a 1099Misc for something or a K-1?

Hal_Al
Level 15

business income

Rental income counts as business income for purposes of the new Qualified business income deduction (line 10 of form 1040).

As VolvoGirl suggested, entering a form 1099-misc or K-1 could be interpreted as business income, depending on how you answer the follow up questions.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies