Where I filled out my 1099, should I also have filled out the 1040 or is that for later?

[danielibf93]

The 1099 was for uber, cornershop, and doordash, but I didn't get anything from grubhub or instacart.

[AamilD]

When you enter your 1099 information, it will automatically flow to Form 1040. Form 1040 has all your different income and deductions so once you enter all your 1099 forms, it will automatically flow to Form 1040. 

There is no specific place to enter information on form 1040 since Form 1040 takes information from other forms like Form 1099 and will automatically place it on Form 1040.

[danielibf93]

It didn't ask me for the 1040. Only for any other 1099-NEC forms.

[danielibf93]

Do I just add the amount I made of Grubhub and Instacart regardless?

[VolvoGirl]

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
https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...

You need to report all your income even if you don't get a 1099NEC or 1099Misc. You use your own records. You are considered self employed and have to fill out a schedule C for business income. You use your own name, address and ssn or business name and EIN if you have one. You should say you use the Cash Accounting Method and all income is At Risk.

After it asks if you received any 1099NEC it will ask if you had any income not reported on a 1099NEC. You should be keeping your own records. Just go through the interview and answer the questions. Then you will enter your expenses.

Self Employment tax (Scheduled SE) is automatically generated if a person has $400 or more of net profit from self-employment. You pay 15.3% SE tax on 92.35% of your Net Profit greater than $400. The 15.3% self employed SE Tax is to pay both the employer part and employee part of Social Security and Medicare. So you get social security credit for it when you retire. You do get to take off the 50% ER portion of the SE tax as an adjustment on 1040. The SE tax is already included in your tax due or reduced your refund. The SE tax is in addition to your regular income tax on the net profit.

Here is some IRS reading material……
IRS information on Self Employment
https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center

1040 Schedule C Instructions
https://www.irs.gov/pub/irs-pdf/i1040sc.pdf

Publication 535 Business Expenses
https://www.irs.gov/pub/irs-pdf/p535.pdf

[Vanessa A]

Your 1040 is the primary form that is filled out.  As you make entries all of your numbers eventually flow through to the 1040.  Your Grubhub and Instacart and all the other independent contractor positions that you received a 1099-NEC for will be reported on separate schedule C's then flow to the 1040. 

So, yes, you will need to add the amounts to your business income separately for each company.

To enter your self-employment income click the following:

• Federal
• Income and Expenses
• Show More next to Self-Employment
• Start or Revisit next to Self-Employment
• Yes, to you have any self-employment income or expenses
• Enter the type of self-employment work you do
• Click through a few more screens and you will get to a screen that says "Your XX info"
• Click Looks good
• Then you will come to a screen that says Let's enter the income for your business.  It will give you the option of 1099-NEC or Other self-employed income including the 1099K , cash and checks.  Select the one that applies to you and hit continue
• If you do not select one, it will not let you enter your income
• Enter your self-employment income on the next screen