TurboTax Deluxe changed the business name on one of my Form Cs

[rich_zuch]

I went through the step by step until I got to the point where I needed to add details to my Form Cs and found that somewhere along the line, TurboTax changed my Form C for one of my businesses to reflect the text put in the prompt for "Describe the reason for this 1099-NEC".  I have LOTS of forms attached to that original Form C, so no way I want to create a new one and try to start that all over again.  So how to I rename (edit) the wayward Form C to what it is supposed to be?

Or do I just start this whole process all over again and hope it doesn't get screwed up again? Not the best option....

I've been using TurboTax for years, and this is the first time this has happened.

[AnnetteB6]

If you are using TurboTax Online, use the following steps to change the description of your business:

• While you are working on your return, click Federal on the left side of the screen, then Income and Expenses at the top of the screen
• Click Review beside Self-employment income and expenses
• Click Edit or Review beside the Schedule C description you want to change
• Click Edit beside General Info
• Click Edit underneath Work Description to change the description for the Schedule C business

If you are using a CD/downloaded version of TurboTax, the steps are similar:

• Locate the search box in the upper right corner
• Type in “schedule c” and click Find
• The search results will give you an option to “Jump to schedule c”
• Click on the blue “Jump to schedule c” link
• Click Edit beside the Schedule C description you want to change
• Click Start or Update beside General Business Information
• Update the business description field as needed

[rich_zuch]

Thank you. That does seem kind of odd to me, though, as there is a description prompt as well as a business name prompt, which in this case I need to make both the same text.  I am using the CD version, btw.

It works, but I would think the description prompt should actually be a DESCRIPTION of the business and not just the name, which in this case, really is not very descriptive at all.  It actually got changed somehow because it used the description of the 1099-NEC I chose for that business entity and changed the name on the Form C.

Thanks again.

[inviewnow]

How do I get back to "general business information"?  Or the screen that asked for a name and decription?  This has been a 15 minute circular nightmare! 

[ErnieS0]

Follow the steps from Tax Expert @AnnetteB6 on the post to get back to general business information @inviewnow. It will take you to General info. You can edit whatever question you want to change.

If you are using CD/Download, the general business info questions appear on several screens. Check the right boxes.

[inviewnow]

I looked at Annette??? instructions and do not find those screens on my download version of TT.  

I tried personal info, business, and then personal.  In the personal entry screen I was able to edit each 1099-NEC changing to the business name.  However, the amounts are not appearing in the column.  Last year they were 1099-misc and those $ are in the appropriate location.  So now what?

[PatriciaV]

@inviewnow

It sounds like you are using TurboTax Home & Business. After you open your return, follow these steps:

1. Click on Business >> Continue >> I'll choose what I work on.
2. Under Business Income and Expenses, click Update beside Profit or Loss from Business.
3. Click Edit beside the name of the business you need to work on (if you have only one business, you may skip this step).
4. Click Start beside General Business Information.
5. On the page "Let's confirm your business info," click Edit beside Business Name.
6. If you don't use your own name for your business, click the button for "My business has a different name from my own" and type your business name in the box.
7. Under Business description, enter the nickname for your business. This will be used in menus and other pages, but not on your Schedule C.
8. Continue back to the Business Info page and click Continue at the bottom.

To review the entries made for Form 1099-NEC:

1. Click Update beside Business Income, then Update beside 1099-NEC Income. Your income from each source should appear next to the source name (1099-MISC, General Income, etc.).
2. Click the name on the 1099-NEC you wish to review, then click Edit.
3. Your entry for "Who Paid You?" should be the name of the company that sent you the 1099-NEC. What you enter here will not change your business name or appear anywhere on Schedule C.
4. Continue on until you are back on your Business summary page. Your total Business income should appear on this page.

[pilchtax]

The first prompt on the 1099-NEC worksheet wants a general category of the purpose of the 1099, "e.g., teaching." It does not ask for my business and says it will ask for that later.

Then the second prompt asks to "select the business" that created the income. What should I put in that box? Should it be the name of my business? What if I have more than one business?

[JamesG1]

In an effort to eliminate confusion and avoid relabeling of entries, I recommend that you:

• First, create the self-employment activities within TurboTax, then, 
• Second, enter IRS form 1099-NEC income into the appropriate self-employment activity.

So, if you have self-employment activities A and B and IRS forms 1099-NEC X, Y and Z:

• Create self-employment activity A, then
• Create self-employment activity B,  then

Enter the appropriate 1099-NEC into the correct self-employment activity.  For instance,

• Enter IRS form 1099-NEC X and Y into self-employment activity A, and
• Enter IRS form 1099-NEC Z into self-employment activity B.

In TurboTax Online, create the self-employment activity by following these steps:

• Down the left side of the screen, click Federal.
• Down the left side of the screen, click Wages & Income.
• Scroll down to Self-employment  click on the dropdown menu.
• Click Start/Revisit to the right of Self-employment income and expenses.

In TurboTax Online, within the create the self-employment activity:

• Click Edit to the right of the appropriate self-employment activity.
• Under Income, select Add income for this work.
• Select Form 1099-NEC.  Click Continue.
• Enter the appropriate income.