I have input the 1099 NEC for my LLC. Where do i input my LLc's expenses such that they reduce my taxable earnings.
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You have to go to the Self-employed section in the Wages and Income area of TurboTax. If you entered a Form 1099-NEC, you will see a company set up there that you can update to enter in your business expenses.
Hey Tom.
I see Business items section and I see where the 1099 NEC income amount is shown. That said when you hit that I don't see anything that comes up for inputting expenses.
are you using online or desktop? if online, which version?
Tom. Does inputting directly into schedule c have the same effect as entering the totals when that long list comes up?
desktop
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