The Roth IRA contributions are determined based on your net profit from your self employment. The income from both 1099-MISC and 1099-NEC should be combined as business income on your Schedule C. If you do not see that you can delete the actual form entry and then enter the income using 'Other' category.
Open your TurboTax Online return:
- Search > type Schedule C > Click the Jump to... link > Edit beside your business > Add or Edit Income for this work
- Select this option when entering your income: Other self-employed income, includes cash and checks
For TurboTax Desktop open your return:
- Select Business tab > Continue > I'll choose what I work on > Business Income and Expense
- Continue making your entries until you reach the Business Income screen > Select 'Other Income'
Also, if you had expenses you may have net income less than you expected. If that's the case you may need to withdraw any excess contribution before April 15th, to avoid penalty.
@cpnyc
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