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Get your taxes done using TurboTax
I would advise you to delete both and start over from scratch. They are not both self-employment incomes. Prior to 2020, SE income was reported on 1099-MISC in Box 7. As of 2020, SE income is reported on Form 1099-NEC and 1099-MISC is used for all non-SE income.
Your 1099-NEC should be reported by entering it onto Schedule C.
- Type "Schedule C" in the search field at the top right hand of the screen.
- Select "Jump To Schedule C" and you will be brought to the section of TurboTax where you can enter or have entered your business income and expense information
Your 1099-MISC needs to be reported according to what box the income is in under the Personal Income section.
Under the Wages & Income (or Personal Income )
- Other Common Income and elect to start
- Then Click YES to indicate you have a 1099-MISC.
- Enter the 1099-MISC exactly as it is. Continue.
- Enter the reason you got this money. Continue.
- Select None of these apply. Continue.
- Select No, it didn’t involve work. Continue.
- Select the tax year for which this specific 1099-MISC was issued. Continue.
- Select No, it didn’t involve an intent to earn money. Continue.
- Select No. Continue.
March 31, 2021
10:21 AM