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Business & farm
You should enter this business income with other business income as usual in QuickBooks to keep your information accurate in the accounting for your business activity income.
If you are transferring your QuickBooks data to TurboTax, then do not enter the Form 1099-NEC again when preparing your individual tax return. This will prevent double taxing the same income.
Keep your Form 1099-NEC with your business records noting that it has been included with your business income.
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‎January 18, 2021
12:07 PM
5,452 Views