9/19/23 Hi. It feels like you return to the Turbo community family each year, like Thanksgiving time. I'm back.
Here we go:
(Home and Business version) I'm self-employed. Solo private practice. Finally getting to the 2022 Returns. (had filed extension) The previous year (2021) Return is loaded up. I'm ready to start entries for 2022- Business Income. The previous year 2021 column shows 1099-NEC and 1099-MISC. I don't receive or know what a NEC is. I receive 1099-MISC's from healthcare insurances. The entered amount for both NEC & MISC are the same. (The MISC is correct amount and it's entered same in NEC entry.)
Did I report two of the same income amounts in my 2021 Tax Return? That would be a huge mistake.
I've used Turbo for years and don't recall seeing NEC in my Returns, and no where in all my business documents.
I appreciate so much if someone can explain what's happened. And if I have a correction to make now.
Thank you!
Massachusetts
