JamesG1
Expert Alumni

Retirement tax questions

Do you believe that the income is correctly reported as income to the self-employment activity reported on Schedule C Profit or Loss From Business?

 

I recommend entering the IRS form 1099-NEC directly into the self-employment activity.  In TurboTax Premium Online, I would follow these steps:

 

  • Down the left side of the screen, click Federal.
  • Down the left side of the screen, click Wages & Income.
  • Click on the drop down arrow to the right of Self-employment.
  • Click to the right of Self-employment income and expenses.
  • At the screen Your 2024 self-employed work summary, select Edit.
  • At the screen Here's your info, select Add income for this work.
  • Select Form 1099-NEC.
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