Do 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.
If
you have only income from self-employment and no expenses, there is no need to
upgrade from Deluxe. If you do have expenses, however, that will trigger an
upgrade to the TurboTax Self-Employed edition.
Otherwise:
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.
