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After you file
@Vanessa A understood.
The problem completing form 1099-NEC using TT Deluxe is that it will then force you to enter info for the "business" (how is accounting, for example) and my son doesn't have all that info.
I added it using 1099-NEC and now the money due is more than double..!!!
I had entered the income as a MISC and the money owed was over 700 dollars.
I removed this income. Instead entered as 1099-NEC and now amout due is over $1,600
Does that sound correct? I know everyone's tax situation is different but wanted to know why the big difference...!!
March 13, 2024
12:37 PM