How do you complete two 1099's on one form?

Forum|Forum|3 years ago
February 3, 2023
8 replies
58 views

I only have 1099's. This year I have two as I changed my joint to etf's I have the first one and the second is due next week. How do I figure them on Turbo tax?

TurboTax Online

Best answer by xmasbaby0

There are over a dozen kinds of 1099's. What kind are you trying to enter? 1099NEC? 1099R? 1099E? 1099B? SSA1099? etc etc. etc. If you have two of the same kind, you just enter the first one and then click that you need to Add one. If you are filing a joint return make sure you enter the 1099 under the correct spouse's name.

xmasbaby0

Answer

Level 15

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

fanfare

Level 15

TurboTax supports more than one 1099, of any type.

VolvoGirl

Level 15

Are you trying to prepare 1099NEC or 1099MISC to give to people you paid? What is due next week? What do you mean.....I changed my joint to etf's ?

Oh, if you mean you are expecting another 1099NEC for self employment income you don't need it. Actually you can just enter your Total Income 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. You should be entering the income from your own records.

islandgal1955Author

Level 2

Thank you Volvogal but I think I have it. I received a 1099 composite and will receive my 1099R 0on the seventieth. I will combine the numbers. May have to wait for some ETF'S to come in.

islandgal1955Author

Level 2

Found out real info from Schwab and there will be two 1090's and I should follow the link in Turbo Tax to connect with Schwab and it will be all done for me. No problem I hope.