turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Deciphering Your Tax Forms on Feb 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

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

Lucky589
New Member

Where do i enter 1099 misc in turbo tax business (not in turbo home & business)?

 
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 Best answer

Accepted Solutions
JulieCo
New Member

Where do i enter 1099 misc in turbo tax business (not in turbo home & business)?

If you received a 1099 MISC for services provided by your business, you won't enter the 1099 MISC separately as you would on your personal return.  When entering your business sales income, you can enter the total of all your sales or you can list out sales by category (see sample screenshot) which is just for your ease/information of entering the data.  Therefore, you could list the job/customer 1099 Misc on a separate line there if listing the sales by category.  You will need to be sure the total amount of the services provided in the business income section is correct, whether you enter as one lump sum or via several line items.  

In your files, you will want to keep copies of the 1099 MISC forms received in your files so that you can substantiate that you did include the income in what was reported on your business income tax form.

View solution in original post

1 Reply
JulieCo
New Member

Where do i enter 1099 misc in turbo tax business (not in turbo home & business)?

If you received a 1099 MISC for services provided by your business, you won't enter the 1099 MISC separately as you would on your personal return.  When entering your business sales income, you can enter the total of all your sales or you can list out sales by category (see sample screenshot) which is just for your ease/information of entering the data.  Therefore, you could list the job/customer 1099 Misc on a separate line there if listing the sales by category.  You will need to be sure the total amount of the services provided in the business income section is correct, whether you enter as one lump sum or via several line items.  

In your files, you will want to keep copies of the 1099 MISC forms received in your files so that you can substantiate that you did include the income in what was reported on your business income tax form.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question