topic 1099-misc appears in business and personal in Get your taxes done using TurboTax

1099-misc appears in business and personal

gregdinger1525 — Wed, 15 Jul 2020 19:12:41 GMT

I have 1099-misc income for my business (self-employed) as well as my rental properties.

In the "personal income" section, I have 1099-misc appears in business and personal. Altogether I have 19 such 1099's.

On the "2019 Income Summary" section, under "Other Common Income", one can click and view all of those - whether they are from my business or my rental operations. What is odd is that while the total inside of that section is one figure (which is accurate), the amount specified out on the summary page is $4543, which is the total of just 2 of those (business-related) 1099's.

Why would this be the case?

Re: 1099-misc appears in business and personal

BillM223 — Wed, 15 Jul 2020 19:30:20 GMT

At this point, ignore the 2019 Income Summary. On these summary pages, TurboTax sometimes conflates taxable and nontaxable items, reports items even though they are not taxable income, and the like.

Instead, look at your Schedule C, Schedule E, and your 1040 to make sure that everything is reported once and only once.

Your tax return is what is important.

Re: 1099-misc appears in business and personal

gregdinger1525 — Wed, 15 Jul 2020 20:03:44 GMT

@BillM223 - when under pressure, it's so easy to not see the forest for the trees. You response was perfect. Thank you

Re: 1099-misc appears in business and personal

BillM223 — Wed, 15 Jul 2020 20:14:29 GMT

You're most welcome. Happy Tax Day!