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Get your taxes done using TurboTax
Thank you for replying.
On Form 1040 - line 8 (other income from schedule 1, line 9) reflects the correct 1099 NEC $ amount,
Also generated:
schedule 2, additional Taxes that reflects the self employment tax.
and Schedule S Self Employment Tax (Taxpayer) that shows the workup of the SE tax.
There is no Schedule C generated unless there are expenses to offset the 1099-NEC Income
I also did a mock return and told TT, that there were expenses to go with the income so the Schedule C would be generated, but then when checking for errors, 10 errors were generated due to missing information from the Schedule C.
The SE tax was the same in both cases.
‎April 1, 2021
5:01 PM