Business income, self employed

kjdj2016 — Thu, 06 Jun 2019 05:46:29 GMT

I have a 1099 MISC form but the only thing on it is in box 9 it has an X but there is no other numbers on the form except account numbers so not sure how to enter it.

If you only have the Box 9 checked, that simply means you...

ChristinaS — Thu, 06 Jun 2019 05:46:34 GMT

If you only have the Box 9 checked, that simply means you are required to calculate and report your income from self-employment without the assistance of a 1099-MISC.

You can delete the 1099-MISC from TurboTax, as it provides no relevant information. The IRS gets it, so they will expect you to a file a Schedule C to report your income and expenses.

You don't need to have a 1099-MISC to have business income/ self-employment income. In your case, your 1099-MISC is as good as not having one at all. Many businesses receive most or all of their income without any 1099 forms whatsoever.

You enter your income as General Income: (using SelfEmployed Online or Home and Business)

Business tab of Turbo Tax
Update next to Profit or Loss from Business (if you haven't started entering your business because you were "stuck" on the 1099-MISC issue, then go through the initial questions by adding a business)
Edit next to your business name
Start or Update next to Business Income
Start or Update next to General Income
Make up your own description under "Tell us about additional income for your XX business" and put the amount you were paid.

The description above will save on your worksheets, but the IRS only sees total income. You are required to claim all income whether you got a (helpful) 1099MISC or not, but you are not required to list the source of every dollar.

For instance, as a tax preparer/ advisor, I get few 1099 forms. Using Turbo Tax, I would enter all of my income under General Income as "tax prep". I certainly wouldn't list every payment per client.

i need to talk with a live person

kengs23 — Thu, 06 Jun 2019 05:46:38 GMT

i need to talk with a live person

i need to fill out a schedule C

kengs23 — Thu, 06 Jun 2019 05:46:39 GMT

i need to fill out a schedule C

topic Business income, self employed in Business & farm

Business income, self employed

If you only have the Box 9 checked, that simply means you...

i need to talk with a live person

i need to fill out a schedule C