topic Re: Schedule C Error? in Get your taxes done using TurboTax

Schedule C Error?

williamhall — Fri, 07 May 2021 18:14:29 GMT

I have a single 1099-NEC for $600 that needs to be entered into Schedule. Turbotax populates that information in two places, "Gross Receipts or Sales NOT Reported on a 1099-NEC or 1099-MISC" and also on "Enter Gross Receipts or Sales Reported on a 1099-NEC." Because it shows up twice, I end up with $1200 total rather than $600. Is this an error? If so, how can I fix it? This will presumably result in me being charged more in taxes.

Re: Schedule C Error?

RayW7 — Fri, 07 May 2021 18:25:20 GMT

Yes, you should only report the income from the 1099-NEC in Schedule C. This should total $600 as reported.

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How to File Taxes with IRS Form 1099-NEC - TurboTax Tax ...

Re: Schedule C Error?

Mike9241 — Fri, 07 May 2021 18:31:36 GMT

review the entries you made. it is likely, the $600 got entered twice.

you can use

1099-NEC or

1099-MISC - linked to schedule C por

or enter on the line for 1099 not received

but use only one.

using 1099-NEC or 1099-MISC is not required. they're really for your records only. the amounts on them get transferred to the applicable form but none of the details are sent o the IRS

Re: Schedule C Error?

williamhall — Fri, 07 May 2021 18:34:04 GMT

That's what it was. Thanks.