Thank you MaryM428, that information is very helpful, I am in total agreement with the advice you gave me. However the only issue I'm having is the way that TT Deluxe 2020 treated that 1099-NEC income when I entered it in. Clearly (as I know now), if I have an amount in box 1 of a 1099-NEC, that is Self Employment income. Yet when I enter it in exactly that way, TT Deluxe by default puts it into "Other Income". This is a bit troubling and misleading. I have been using TT Deluxe for many years now, and I have come to expect TT to put my income amounts into the correct categories, especially when it comes to extremely common things like simple 1099 income. But in this case, after having entered it in all correctly (there's not much to get wrong there), TT puts it into the wrong place. Yes I know I can easily tell TT to make that into SE income and it will create the Sch-C and Sch-SE for me, but it was quite misleading to me that it didn't do it that way as it's initial action. I'd be curious to know if Intuit has an explanation for this.
