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1099 NEC income
I have income on a 1099 NEC which is on Schedule C but Turbo tax is putting it on line 8 of my 1040. The IRS instructions for that line this year specifically says For tax year 2020 line 8 will be used to report unemployment compensation exclusion...."Caution Do not report on this line any income from self-employment instead you must use Schedule C. My profit is being reported on line 8 of 1040 so I'm confused the way the IRS instructions read it sounds like it should only be unemployment.
‎April 17, 2021
2:40 PM