turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

vinodmom
New Member

The only income I have for my S Corp is 1099-NEC what Income type I should use? Turbotax Business gives me only few choices

-Products and services -Rental real estate -Farming -Schedule K-1 received -Disposal of business assets -Investments -Miscellaneous
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.

1 Reply
MinhT1
Expert Alumni

The only income I have for my S Corp is 1099-NEC what Income type I should use? Turbotax Business gives me only few choices

The gross amount on your form 1099-NEC should be reported as Gross receipts or sales on your S-Corp tax return (form 1120S).

 

In TurboTax, choose Products and services.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question