I'm sole owner of LLC. I rcvd 1099nec in business name Money on 1099 is already included in quickboks When 1099 info input TT the amt is added to net income What do I do?

I received a 1099-nec in my businesses name. The money on the 1099 is already included in my quickbooks reports. when i include the 1099 info in your program, the amount of the 1099 is added to my net income. The quickbooks report already has the money in the report, but you program adds it in again. What do I do?

7622

Expert Alumni

Apr 11, 2024 9:30:21 AM

If you are already importing the amount from Quickbooks then do not enter the 1099-NEC into your tax return at all. You only need to enter it one way or the other. Go back and delete the 1099-NEC from your return.

@flatheadv82000-y

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I'm sole owner of LLC. I rcvd 1099nec in business name Money on 1099 is already included in quickboks When 1099 info input TT the amt is added to net income What do I do?