Self-employment Income

[Yosly1990]

Hi! If I have two 1099-NECs from the same payer, one under my SSN for the first 10 months of the year when I did not have my business registered in my state (FL), and one under my business's FEIN after I registered my business in the state, do I need to report the income on a separate Schedule C? If yes, do I need to allocate the expenses by months? And how to claim Home Office expenses for both schedules? Thank you! 

[SharonD007]

No. If you have a Sole proprietorship or single-member LLC, you can enter both 1099-NECs on the same Schedule C. You don't need to allocate your expenses or your home office between the two 1099-NECs.

Refer to the TurboTax Help article What is a 1099-NEC? for navigation instructions.

Review the TurboTax articles Reporting Self-Employment Business Income and Deductions, What self-employed expenses can I deduct? and How do I report income from self-employment? 

[Yosly1990]

Thanks for responding! So, to do it correctly, I need to combine the amounts from both 1099-NECs and enter the information into TurboTax so it creates just one Schedule C, and then report the expenses, right? Should I assign my SSN or FEIN to Schedule C? 

[SharonD007]

Enter your business EIN on the Schedule C.  You can enter both 1099-NECs individually and assign both of them to the same Schedule C. It's ok that one of the 1099-NEC has your SSN and the other has your business.

[Yosly1990]

How do I enter the EIN on the schedule C? How to assign both 1099-NECs to the same schedule? It’s very confusing when using TurboTax online version. 

[DawnC]

You can attach as many 1099-NEC to the same Schedule C as you need.   Enter them directly from the Schedule C income screen.   Delete any forms that are unlinked.     The EIN gets entered on your Business Profile page, see image below.  

How to delete forms in TurboTax Online

[Yosly1990]

Thank you!!!!