Business & farm

Did you enter info thru Schedule C section as well?

When you receive a non-employee compensation on a 1099-NEC, you will need to enter the information in both Form 1099-NEC and Schedule C sections.  You would start from the 1099-NEC section under "1099-MISC and Other Common Income".  You would then follow prompts to tell the program you are filing a Schedule C.  As it creates a Schedule C for you, you will need to go to the Schedule C portion separately to confirm your income amount, add related expenses and complete required information. 

In TurboTax online, here are the steps: 

·         Sign into your account, select Pick up where you left off

·         From the upper right menu, select Search and type in 1099nec and Enter

·         Select the Jump to 1099nec

·         Follow prompts to complete the section

Then 

·         From the upper right menu, select Search and type in schedule c and Enter

·         Select the Jump to schedule c

·         Next screen, "Your 2020 work summary" under your self employed business, select Review

·         Continue to enter related expenses and other required information

At the end, the self-employment net profit will show on your Schedule 1 line 3 and line 8 of your Form 1040. 

@ Rbakerman