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If you had self-employment in 2019, the forms transferred over to the new program.
Follow these instructions to delete a business that transferred over from your 2019 return but is no longer owned by you as of January 1, 2020.
You can simply remove it from the program. Here are the steps:
In TurboTax online,
1. Sign into your account, select Pick up where you left off
2. Select Tax Tools, click on the drop down arrow
3. Select Tools
4. Under Other helpful links, choose Delete a form
5. Select Delete next to Form 1099-NEC and Continue with My Return
One of the most common reasons you’d receive tax form 1099-NEC (Form 1099-MISC in prior years) is if you're self-employed or did work as an independent contractor during the previous year. The IRS refers to this as “nonemployee compensation.”
Your self-employment net profit will show on your Schedule 1 line 3 and line 8 of your Form 1040.
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