MarilynG1
Expert Alumni

Get your taxes done using TurboTax

@AnonOwner  If your 1099-NEC income is being reported on Schedule C, don't include the State Distribution amount in your entry.

 

Your Net Business Profit/Loss from your Schedule C is what is reported as income. 

 

The final net profit figure must be transferred to Form 1040 and combined with your other earnings to calculate your taxable income

 

Click this link for more info on Form 1099-NEC.

 

 

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