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1099-NEC received for business income
My sole proprietorship received a 1099-NEC from a school customer. The payments I received from this school were for both goods and services. I have already entered my business information into TurboTax before receiving this form. Do I need to remove those funds from my business income? I've reached out to the school to ensure that I was sent the proper documentation, as none of my other school customers have filed that paperwork. I do not want to accidentally get doubled tax for information I've entered or fail to pay the proper amount of taxes.
‎February 21, 2022
2:22 PM