You should not have the Farm box. Please remove the existing Form 1099-NEC and maybe a Schedule F from the program. Here are the steps:
In TurboTax program,
- Sign into your account, select Pick up where you left off
- From the left menu, select Tax Tools, click on the drop down arrow
- Select Tools
- Under Other helpful links, choose Delete a form
- Select Delete next to Form 1099-NEC / Schedule F and Continue with My Return
If you received a nonemployee compensation on a Form 1099-NEC, you will need to enter the information in both Form 1099-NEC and Schedule C sections. You would start from the 1099-NEC section under "1099-MISC and Other Common Income". You would then follow prompts to tell the program you are filing a Schedule C. As it creates a Schedule C for you, you will need to go to the Schedule C portion separately to confirm your income amount, add related expenses and complete required information.
In TurboTax online, here are the steps:
- Sign into your account, select Pick up where you left off
- From the upper right menu, select Search and type in 1099nec and Enter
- Select the Jump to 1099nec
- Follow prompts to complete the section
Then
- From the upper right menu, select Search and type in schedule c and Enter
- Select the Jump to schedule c
- Next screen, "Your 2020 work summary" under your self employed business, select Review
- Continue to enter related expenses and other required information
You are considered as self employed and required to pay self employment taxes. The net profit amount should show on line 8 of your Schedule 1 and Form 1040.
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