DawnC
Employee Tax Expert

Get your taxes done using TurboTax

You are only required to report the income, but the income does not have to be labeled as a 1099-nec or 1099-misc.   It doesn't matter what number is in the EIN field; it just needs to be nine digits in order to be e-filed.   In any case, you should keep detailed records of your income and expenses with your tax records.   As long as the income is reported as self-employment income (as opposed to ordinary/other income or not reported at all) - you have met your obligations as the income will be properly reported.   So, it is fine to enter the amount as general income (not on a tax form) on Schedule C.   

 

Also, the 9 digit number that is in that field does not get reported entered on your actual tax return, only the amount of income gets entered on Schedule C.   The only difference is what line it gets entered on (1a or 1b).   See the image below of Schedule C - Part l.

 

You can file an extension if you want to wait and see if there is another update to the 1099 entry screen.   If you file the extension, remember it is not an extension to pay, so you should remit any tax due with your extension Form 4868.  @ElizabethAP 

 

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