brennandog
Returning Member

1099-NEC

When I enter my consulting income (say for eaxmple 30K) on my 1099-NEC's under Business Income section it gets transferred to a C and generate SE form and I pay SE tax on it as expected..... However if I enter it under Personal Income section as 1099-NEC, it gets labeled as other income and does NOT transfer to a  C or a SE Tax form despite the fact that it is untaxed self-employment income. I understand the 1099-NEC can be used for other rare instances, but I would think consulting income would be the rule not the exception, Why is it not linking it to taxable self-employment Income. I do have W-2 income as well - but shouldn't the 1099-NEC's generate a C and SE. Assuming no business expenses or deductions etc, I would think it would come out the same...but makes a difference of about 3K in taxes due? Is this a glitch that it is not transferring the income from 1099-NEC to form C when entered under "personal" not "business", it is still Self Employed income? I'm using Desktop version Home and Business.  Thank you