topic Re: 1099-MISC - Schedule C in Get your taxes done using TurboTax

Tax Year Prior to 2020: 1099-MISC - Schedule C

rtn5000 — Thu, 18 May 2023 17:55:30 GMT

Hello,

I have TurboTax Deluxe and received a 1099-MISC along with a W2.

After I complete everything, the Smart Check finds errors that need to be corrected, it brings me to the Schedule C which makes me enter my "business" information.

I do not have a business, but I realize that with 1099-MISC it makes me now considered a business. I do not have the detailed information that TurboTax is asking me for, business type, accounting methods, and so on.

What do enter in a situation like this? Generic, basic information?

Re: 1099-MISC - Schedule C

MinhT1 — Fri, 31 Jan 2020 01:09:27 GMT

When you receive a form 1099-MISC, you are self-employed and considered as operating a business. This is not a business in the common meaning, but that you are in business doing what you do to earn the money reported on the 1099-MISC.

So in TurboTax, just give your name and address as name and address of the business, say that you are using the cash method, that it is a sole proprietorship and list the work as the work you do (for example consultant, photographer,...)

Re: 1099-MISC - Schedule C

m2sela6644 — Fri, 31 Jan 2020 17:14:44 GMT

I did not receive any 1099 MISC this year. How do I delete Schedule C and eliminate the annoying error correction?

Re: 1099-MISC - Schedule C

WKins2 — Fri, 31 Jan 2020 17:31:14 GMT

If you did not receive any 1099's in 2019, but your business is still operational, you should file a zero Schedule C return to let the IRS and/or your state know that the business is still operational, but you did not have any income or expenses.

If you did not receive and 1099's and the business is no longer operational you can delete the Schedule C form:

Login to your TurboTax account

Click Continue Your Return

On the left side of the screen click Tax Tools

Click on Tools

You will see several options to chose from click on delete a form

Scroll through the list until you find the form you want to delete and select delete

Re: 1099-MISC - Schedule C

zZCp — Sat, 01 Feb 2020 20:41:49 GMT

I received a 1099-MISC from a university to act as a outside marketing consultant for a temporary position. I am retired and this was only one job. I have TurboTax Deluxe and it appears that I must complete a schedule C 1099 form. Can I get this form on this particular TurboTax package and, if so, how can I find it. What I see when going into the Federal scanning process is that it is showing my husband as owner which is incorrect and I don't know how to proceed.

Re: 1099-MISC - Schedule C

SuperB — Sat, 01 Feb 2020 20:48:57 GMT

It was suggested to me by my tax professional to use the Prize Winning selection for my 1099 Misc that was a paid bonus. That way my earnings were taxed but I was not charged any business tax charges since I do NOT have a business. Doing this also dropped my audit risk way down. Was in the yellow before the change.

Re: 1099-MISC - Schedule C

DavidS127 — Mon, 03 Feb 2020 14:48:52 GMT

For your 1099-MISC:

If you have expenses to deduct, you will need TurboTax Online Self-Employed. If you do not have expenses to deduct, you can use TurboTax Online Deluxe.

If you use the TurboTax Download/CD product, you will need either the Deluxe or Home and Business versions, depending on what kind of Schedule C expenses you deduct. If you start with the lower priced product, you can upgrade to a higher-priced version if you need it.

Once you find the uploaded 1099-MISC in your software, you can select whether the 1099-MISC is for you or your husband on the 1099-MISC entry screen.

@zZCp

Re: 1099-MISC - Schedule C

synthesize27 — Thu, 06 Feb 2020 23:45:01 GMT

I am having a similar issue with my 1099-MISC. I filed my taxes more than a week ago (which were accepted) and shortly after, I was receiving e-mails for me to file a Schedule C. I am an independent contractor employed by a Modeling Agency and worked 1 job in 2019. Am I required to file a Schedule C?

I would assume this is an automated response for me filing the 1099-MISC. If I am required to file the Schedule C, where would I find this form AFTER having already filed my State Tax return? I received this response AFTER filing and NOT before.

Also, I am being asked to file a Schedule CA (540), California Adjustments - Residents? Since I already filed my state taxes, why am I receiving this auto-generated response? I think this is associated with my 1099-MISC in some way since I have never received this from using TurboTax in the last 2 years.

2 questions in 1, I know, but they are probably related. Please and thanks for any assistance.

Re: 1099-MISC - Schedule C

ColeenD3 — Fri, 07 Feb 2020 15:53:29 GMT

If you receive income for non-employee compensation, you must include it in income. If you work in any capacity and did not receive a Form W-2 for wages, you must complete Schedule C.

To enter the income from a Box 7, 1099-Misc:

You can enter a 1099-MISC on the 1099-MISC Summary screen.

Open or continue your return.
Search for 1099-misc.
Select the option to go to the 1099-MISC section.
Select Yes to Did you get a 1099-MISC?
- If you need to enter another 1099-MISC, select Add Another 1099-MISC to enter a new one.
Enter the information from your 1099-MISC.
- If your form has an amount in more than one box, you’ll need to enter them as separate 1099-MISC forms. We’ll help you with that.

Re: 1099-MISC - Schedule C

KPx4 — Tue, 11 Feb 2020 18:50:13 GMT

I have never seen the questions related to the schedule C on turbo tax before, and I have entered information incorrectly. How do I go back to that section in Turbo Tax and start over? I cannot seem to find it. Even when I review my 1099-Misc and start over.

Re: 1099-MISC - Schedule C

RobertG — Tue, 11 Feb 2020 19:08:30 GMT

Here's how to edit your Schedule C information:

Go to the 'Federal' section under 'Income and Expenses'
Select 'Edit/Add' next to 'Self-employment income and expenses'
Select 'Edit' next to the name of the business you previously entered.

Or if you prefer, select the garbage can to delete the business you previously entered and start over.

@KPx4

Re: 1099-MISC - Schedule C

KrisD15 — Tue, 11 Feb 2020 20:34:22 GMT

@KPx4

You can type schedule c into the search box and then click the "Go to Schedule C" link

If you want to report expenses, you will need to upgrade to TurboTax Self-Employment

Re: 1099-MISC - Schedule C

Filemomstax — Fri, 14 Feb 2020 23:30:18 GMT

Hello,

My mom is a widow and received a 1099 Misc from my father's old employer. Turbo tax is assuming she is a business owner as well. She received deferred income last year too from the same company and her CPA did not file a schedule C. I realize that Turbotax may be trying to help find a deduction for any expenses, But, in this case it's clear she is the farthest thing from being considered a business owner or sole proprietor. Is there a workaround so that we don't have to file a schedule C for this misc. Income?

Re: 1099-MISC - Schedule C

MaryK4 — Fri, 14 Feb 2020 23:36:14 GMT

Which box is the income in? @Filemomstax

Re: 1099-MISC - Schedule C

dhelm13 — Sat, 15 Feb 2020 03:40:09 GMT

where can I put my 1099 misc in prizes? I am not a business so I should not be filing a schedule c for this

Re: 1099-MISC - Schedule C

DavidS127 — Sat, 15 Feb 2020 14:22:31 GMT

To enter you 1099-MISC for prizes, click the "magnifying glass Search" icon on the top row, enter "1099-MISC" in the search window and press return or enter, and then click on the "Jump to 1099-MISC" link to enter your 1099-MISC. The prizes should be reported in box 3 Other Income, and when you answer the questions accordingly in TurboTax, you will not need a Schedule C to report the income.

@dhelm13

Re: 1099-MISC - Schedule C

Ali23 — Sun, 16 Feb 2020 07:23:48 GMT

Hey so Im doing my taxes and I have the 1099 misc from skilled trades and I dont know how to file it. It regesters as 1099 misc but is asking for me to put something in "schedule c." And I have no clue what to put but it wont let me leave it blank, it doesnt say anything about schedule c on the paper I have in my hand, ive tried writing the amount I recieved in it and it doesnt like that either.

Re: 1099-MISC - Schedule C

ColeenD3 — Sun, 16 Feb 2020 15:02:42 GMT

Yes, 1099-Misc is entered on Schedule C if your income is in Box 7. Schedule C

You can enter a 1099-MISC on the 1099-MISC Summary screen.

Sign in to TurboTax and select Take me to my return.
Click "search" and search for 1099-misc.
Select the Jump to 1099-misc link in the search results.
Select Yes to Did you get a 1099-MISC?
- If you need to enter another 1099-MISC, select Add Another 1099-MISC to enter a new one.
Enter the information from your 1099-MISC.

Re: 1099-MISC - Schedule C

vm1980 — Sun, 16 Feb 2020 22:21:56 GMT

I am also being asked for a business code that must be entered on the schedule C before Turbo tax will move forward. I am a 1009 contract consultant ( or a friend and he paid me a bonus at the end of the year), his accountant sent me the 1099-misc and I do not have a business.

Re: 1099-MISC - Schedule C

ColeenD3 — Sun, 16 Feb 2020 23:46:35 GMT

If you have a 1099-Misc with Box 7 income, you must file a Schedule C. 1099-Misc

The code is: 541600 Management, scientific, & technical consulting services