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Deductions & credits
What type of 1099 forms?
If you have expenses associated with 1099's for self-employment, you will enter the expenses after you enter your income. To enter your self-employment income select the following:
- Federal
- Income and Expenses
- Show More next to Self-Employment
- Start next to Self-Employment
- Yes, to you have any self-employment income or expenses
- Enter the type of self-employment work you do and you can select that you use your name for your business
- Click through a few more screens and you will get to a screen that says "Your XX info"
- Click Looks good
- Then you will come to a screen that says Let's enter the income for your business. It will give you the option of 1099-NEC or Other self-employed income including the 1099K , cash and checks. Here is where you will enter the money you receive.
- If you do not select one, it will not let you enter your income
- Enter your self-employment income on the next screen
- Continue and on the next screen click add expenses
If you have expenses associated with the sale of a property, you would enter that as the cost basis.
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‎April 2, 2025
8:21 AM