- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
1099 NEC & Schedule C
Seems to be an issue with the new 1099 NEC being carried to Sch C.
Entered 1099 NEC as received. There is no checkbox to tell Turbo to carry it to Schedule C for proper calculation of Self-Employment Tax or QBI. Went through Sch C screens to input correct information, then at Smart Check, Turbo told me to unlink either Sch C or "other income." I unlinked to "other income" and the income screen then shows it as Sch C income and not NEC, yet forms appear to be fine.
Anyone have any suggestions?
‎January 31, 2021
2:59 PM