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Best answer by VolvoGirl

Did you get a 1099Misc form for something instead of a W2?  Or are you just in the wrong version?  Did it say you had to upgrade to the Self Employed version to enter something?

 

To go back to a lower version you can try to clear and start over  https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-clear-and-start-over-in-turbotax-online/00/26444

2 replies

VolvoGirl
VolvoGirlAnswer
Level 15
August 29, 2020

Did you get a 1099Misc form for something instead of a W2?  Or are you just in the wrong version?  Did it say you had to upgrade to the Self Employed version to enter something?

 

To go back to a lower version you can try to clear and start over  https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-clear-and-start-over-in-turbotax-online/00/26444

Carl
Level 11
Level 11
August 30, 2020

If you received a 1099-MISC with income reported in box 3, then as far as the IRS is concerned that is self-employment income.

Level 15
August 30, 2020

Income in box 3 is not necessarily self-employment income, it depends on what it was for.   

A situation I see a lot with teachers is that they receive a 1099-MISC either for attending training or for union activities.  In either of those situations, it IS considered self-employment income and you are self-employed with respect to that particular activity in which you earned money, even though your main work is as a W-2 employee.  

If you got the 1099for something else, we would need to know what it was for to help you decide if it is self-employment income or “other” miscellaneous income.  

Alumni - Champ
August 30, 2020

Also, income reported in Box 7 of a 1099-MISC is considered self-employment income and is reported as business income on Schedule C of your tax return.  Schedule C also allows you to subtract your allowable business expenses from that self-employment income.

 

An employee receives a W-2, not a 1099-MISC.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.