Retirement tax questions

There are two ways you can try again to enter and link your 1099-NEC to a Schedule C. 

METHOD #1: 

Once you input your 1099-NEC, you must answer all of the questions after the input screen so it flows through to your Schedule C. If it has not been assigned, TurboTax will give you an error message. 

To assign your 1099-NEC to a Schedule C, please follow the steps below: 

1. Open your return.
2. Search for 1099-NEC with the magnifying glass tool at the top of the page.
3. Click on the Jump to 1099-NEC link at the top of the search results. 
4. Click Edit next to your 1099-NEC.
5. On the page titled Guess what? You can deduct expenses for the example work choose Yes, I have expenses to deduct.
6. On the page titled Self-employed 1099-NEC Income select the Schedule C you are inputting this income for. If this is a new Schedule C for this year, you can add a new business on this screen.

To confirm your 1099-NEC was linked to your Schedule C, please follow the instructions below:

1. Open your return.
2. Search for Sch C with the magnifying glass tool at the top of the page.
3. Click on the Jump to Sch C link at the top of the search results. 
4. On the page titled Your 2020 self-employed work summary, you should see your 1099-NEC listed with the corresponding amount. 
5. Click review next to the income from your 1099-NEC. 
6. Follow the on-screen instructions on the following pages. 

METHOD #2: 

If that does not fix the error message for you, you can add your 1099-NEC directly on your Schedule C screens.

To do so, please follow the steps below:

1. Search schedule c with the magnifying glass tool on the top of the page.
2. Go to the Jump to schedule c link in the search results. 
3. Click on Add another line of work.
4. Follow the on-screen instructions to describe the income received from the 1099-NEC.
5. Click Looks good at the bottom of the summary screen.
6. Click Form 1099-NEC under Common Income for the page titled Let's enter the income for your work.
7. Enter the data from your 1099-NEC.

If Method #2 works for you, please remove all 1099-NEC's entered when completing Method #1.