I'm adding a Business 1099-NEC (Educational Service Business) and the question in TurboTax is:
"Did your receive income for this farm reported to you on Form 1099-NEC?"
It seems a bug. Nobody saw a simple bug like this?
The business version is expensive and a basic section is incorrect. What do I pay for?
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No, it is not a bug. The program just wants (needs) to know if it is in relation to a farm in any way as these forms are new and they system wants (needs) to know if it should generate a Schedule F for you.
Thank you for your reply but if I said No to this question, it is back to the initial menu (Update button...to add 1099-NEC) and I do NOT see any other way to enter a 1099-NEC.
Any suggestion?
The only way I found it is to say Yes...even it is not related to a farm.
Let's try to enter the 1099-NEC this way:
In TurboTax online,
Then
The net profit amount will show on line 8 of Schedule 1 and Form 1040.
Using the response Yes, I checked the results on the FORM and it didn't add anything for Schedule F ( No Schedule F generated). It just added a link to Schedule C (with the business title). The amount is also well reported on Schedule C section 1099-NEC.
It makes sense as this menu to enter 1099-NEC is inside the menu Schedule C, Form 1099-MISC.
So for me it is a bug (copy/paste of the question from the section farm which I don't use).
It is indeed a bug whether TurboTax is willing to accept it or not. This wasn’t a solution to easily enter the information from 1099-NEC. Additionally, the steps you mentioned didn’t provide the “Jump to link” it only refers to it. TurboTax wasn’t prepared for the new 1099-NEC. Thanks to the person who posted the question as it helped a little. I didn’t understand why the question only talked about farm income and then took me back to the previous screen when I said no. Very disappointed.
I am attaching an image of the "jump to link". You need to click on the blue link to get into the 1099-NEC section.
@eerumm1
This is currently happening to me right now with cash app tax software.
I am also in Cash App Tax software. There doesn't seem to be any way around it; I cannot tell it the 1099-NEC is not from farm income.
Farms are treated like small businesses, so their income is reported on Form 1099-NEC. However, farm income goes on Schedule F, not Schedule C. That's why TurboTax is asking this question.
As long as you don't select "I owned a farm" on the "Does one of these uncommon situations apply?" screen your income won't be reported as farm income.
Did you ever figure it out?
Are you Self-Employed? If so, you will enter info about your Business, then add your 1099-NEC as Business Income in the Self-Employed Income and Expenses section, which will be reported on Schedule C. If this applies, here's more info on Form 1099-NEC and Reporting Self Employment Income.
If not, and received a one-time payment reported on a 1099-NEC, you can add it to your return as Miscellaneous Income.
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