topic 1099-NEC/1099-MISC in Get your taxes done using TurboTax

1099-NEC/1099-MISC

cooper173 — Mon, 12 Apr 2021 16:01:47 GMT

When I started entering information into TT for 2020 a few months ago, there was an issue with the 1099-NEC not working correctly. So, I entered my 1099-NEC amount in the 1099-MISC in the Business section for the time being.

Now, it appears that the 1099-NEC issue may be resolved. My question is - should I delete the 1099-NEC amount from the Business section that I entered under 1099-MISC and then re-enter it under Personal - Other Common Income - 1099-NEC? My concern is that everything I entered under the Business section (i.e. expenses, etc.) will be erased if I delete that 1099-MISC amount first. Thanks.

Re: 1099-NEC/1099-MISC

JeffreyR77 — Mon, 12 Apr 2021 19:25:18 GMT

As long as you have entered the amount reported on the Form 1099-NEC as income subject to self-employment tax, you do not need to delete what you have entered and re-enter the Form 1099-NEC just because it was reported on a 1099-NEC.

Re: 1099-NEC/1099-MISC

cooper173 — Tue, 13 Apr 2021 11:58:24 GMT

Just to clarify, you're saying that I can leave my 1099-NEC info in the 1099-MISC area that I originally entered it and make no changes? Thanks again.