- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Hi, I appreciate your reply. The 1099-NEC step by step questionnaire doesn't offer the intent to earn money question that the 1099-MISC does (I tried entering it as 1099-MISC to see and it does have the intent to earn money question as you suggested in the MISC section). Unfortunately, for the 1099-NEC the questions only allow it to be characterized as a self-employment income. This characterization then leads to a bunch of errors during error check because TurboTax then assumes he was self-employed for the 1099-NEC portion of the income. This is in Premier so it doesn't have the Schedule C portion (it has the option to upgrade which I can do but feel it's not really self-employment). Thanks again for any suggestions you might have.
March 26, 2024
1:37 PM