When entering income received for non-employee income on a 1099-NEC, Turbo Tax requires a Schedule C to be filled out. Employment was as a contractor to the employer so as to avoid being a fulltime employee with benefits. There is no contractor office or expenses. The entry for Line 27b of Schedule C is 0 but it requires a Form 7205 to be filled out for energy efficient office building deductions.
Questions:
1 Why are these forms required?
2 Should the contractor business have to same name as the taxpayer under these conditions? (there is no real business)
3 Should there be a business address for simple contract work?
4 How to I eliminate the need for a Form 7205?
Thanks for any help,
Bob
