2296511
You'll need to sign in or create an account to connect with an expert.
Just enter it as Other self employment income or as Cash or General income. You don't need to get a 1099NEC or 1099K. Even if you did you can enter all your income as Cash. Only the total goes to schedule C.
How to enter income from Self Employment
Thank you! Just to clarify, I did receive the 1099-NEC from a payer. If I enter it as general income and not under a 1099, would that raise a red flag with the IRS? And would it be best to lump it in with cash/checks or to enter it on a new line, perhaps even noting it was from a truncated 1099?
As already stated the IRS doesn't care ... all they see is the total income on the Sch C ... all that 1099 entry business in the TT program is just busy work and none of it goes to the IRS since the issuer already sent that info directly to the IRS.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ngdonna2020
Level 2
cxy007
Level 2
Tia03
New Member
mouster71
New Member
Cookman326
New Member