Trying to Add a 1099 to my personal income - TurboTax forcing me to add it under a new business

Forum|Forum|3 years ago
December 6, 2022
22 replies
128 views

I assume this is a bug?

I've added several 1099 NECs to my business income. Now, I'm trying to add 1099 NECs under my social security number in Personal Income and it is forcing me to put it under a new business or an existing business. It's not tied to a business, it's tied to my social security number.

What's going on?

TurboTax Home & Biz 2021

rjs

Level 15

A 1099-NEC is always business income (self-employment). It doesn't matter whether it's issued to your Social Security number or to an EIN. You personally and your sole proprietorship or single-member LLC business are one and the same. If the 1099-NEC is not related to the same business as your other 1099-NECs, then it is indeed for a separate business. What is the nature of your business, and what is the 1099-NEC for that you are trying to make "personal"?

djlex2Author

Level 2

I have 1099s tied to my social security and 1099s tied to my business TIN. This is the first time TurboTax is attempting to tie my SS based 1099s to my business TIN. This is the first time ever in decades of using TT that it's attempted to do that. Does that sound right?

rjs

Level 15

@djlex2 wrote:

I have 1099s tied to my social security and 1099s tied to my business TIN. This is the first time TurboTax is attempting to tie my SS based 1099s to my business TIN. This is the first time ever in decades of using TT that it's attempted to do that. Does that sound right?

Yes, it sounds right. As I said above, if your business TIN is for a sole proprietorship or a single-member LLC, it makes no difference whether a 1099-NEC is issued to your Social Security number or to your business TIN. It's all business income to you.

Form 1099-NEC has only been in use for a few years, not decades, so whatever TurboTax does with it is obviously somewhat new.

Your business TIN is an EIN.

VolvoGirl

Level 15

May I ask.....is this the first time using the Home & Business version? It just has a separate tab for Business but it's all your personal income and goes on Schedule C in your personal return. Just enter the 1099NEC under the Business tab.

And actually you can just enter it as Other self employment income or as Cash or General income. You don't need to get a 1099NEC or 1099Misc or 1099K. Even if you did you can enter all your income as Cash. Only the total goes to schedule C.

You said.......It's not tied to a business, it's tied to my social security number. But it is your own business. When you are self employed you are in business for yourself. You don't have to have an official business set up. You use your own info. The people or company that pays you is your customer or client. You are considered to have your own business for it. YOU are the business.