mattdabbs
Returning Member

Get your taxes done using TurboTax

Thank you...I worked through this again in TT. Here is what I found. When I enter the 1099s for my LLC in the 1065 they also show up in my personal income in the system. I deleted them from my personal income and that deleted them from my business income. So I had to re-add them in the business income. I just had to make sure this wasn't counting them twice.

 

What is confusing is unlike last year, TT is now creating a new business for any 1099 NEC's that are to me personally rather than to my LLC. So now I have a new business created in my taxes in TT In schedule C it is asking for the name of this business...well it is actually a business, owned by someone else (who paid me via 1099 NEC) so I am confused as to which business name to enter - I assume it is the company who paid me not some made up name because TT created a new business.

Does this make any sense? I have no idea why the change from last year.