MayaD
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Deductions & credits

TurboTax will generate Schedule C once you add your 1099-NEC. Form 1099-NEC specifically reports Nonemployee Compensation, which you may have gotten in previous years on a 1099-MISC. 

 

If you were self-employed or a small business, you probably qualify for the qualified business income (QBI) deduction. TurboTax will ask you some questions and will determine if you qualify for the deduction. 

For more information check: Do I qualify for the qualified business income deduction?

 

 

To deduct any self employment expenses: Where do I enter Schedule C?

What self-employed expenses can I deduct?

 

 

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