Self employed

Thank you Volvo Girl for your always thoughtful posts and advice.

My question came when seeing the entry for my 2021 Return and an entry for 1099-NEC. I did not pull out my 2021 return file as I wanted to.   But I originally saw NEC in the 2022 as I'm working on that return right now - on the page that eventually shows lots of totals for "previous" year compared with 2022.  So that's where I saw NEC (separate from a 1099-MISC entry) for the first time in all these yrs of Turbo.    I guess I'll be looking at that comparison page next year to see what "previous year 2022" shows when compared with 2023.

 

I do need to enter each 1099-misc.  for my business income.  It's pre-populated from the previous year so I only enter the new amount.  The 1099  total with other sources of business income are entered in Schedule C.  The total is adjusted by Expenses to create the Net Profit amount that is then entered on Page 1 of return.

 

I appreciate the replies as they help think this all through.

Thank you!