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crystalize
Returning Member

Trying to revise 2017 taxes and add a 1099misc to a contractor

I'm in the process of revising our 2017 tax year. I need to add a 1099 misc to a contractor we had and i can't figure out how to add it. I'm working in the Turbo tax Home business program. Thanks!

4 Replies
VolvoGirl
Level 15

Trying to revise 2017 taxes and add a 1099misc to a contractor

That goes under Contract Labor Schedule C line 11.

 

Go to Business tab- then Continue
Choose Jump to Full List -or I'll choose what I work on

Then…..
Business Income and Expenses - Click the Start or Update button
Then click EDIT by the business name and the next screen should be a list of topics,
Business Profile, Income, Inventory/Cost of Goods Sold, Business Expenses, Assets, and Final Details last.

 

Under Business Expenses, Click Start or Update by Other common business expenses
Contract Labor is the 5th item in list.

You can either enter the total for all of them or enter each name individually. Only the total goes to schedule C line 11 but it you enter them individually you will have a record and the names will transfer to next year so you won't forget anyone.

crystalize
Returning Member

Trying to revise 2017 taxes and add a 1099misc to a contractor

Thanks @VolvoGirl! I've got it on our actual taxes but i'm trying to figure out how to generate the 1099 form for the IRS and to send to the contractor. 

VolvoGirl
Level 15

Trying to revise 2017 taxes and add a 1099misc to a contractor

OK.  If you are doing a 2017 1099Misc you can only prepare it one way now.  You can  not use the online Quick Employer Forms.  And you can only do it in the Windows Home & Business program, so if you are on a Mac this won't work.

 

In the Window's Home & Business Desktop program to Prepare W2s or 1099s, click the big blue button to Start a New Return or go up to File-New Tax Return.
Then on the next screen it asks What would you like to do?

If you get a screen with 2 choices, Check the second circle that says Prepare W-2s and 1099s for my employees or contractors. Then that will expand and give you a choice to prepare them online or on your computer.   FOR PRIOR YEARS YOU CAN ONLY USE THE 2ND COLUMN TO DO THEM ON YOUR COMPUTER.

 

If you get a screen that says Continue your Tax Return and a box listing your returns then go up to FILE - New Tax Return again and you should get a box to pick the type of return you need to prepare. Pick US Forms W-2/1099 Reporter.

 

Or here is the blank 2017 1099Misc form

https://www.irs.gov/pub/irs-prior/f1099msc--2017.pdf 

and instructions,  https://www.irs.gov/pub/irs-prior/i1099msc--2017.pdf 

 

You will also need the 1096

https://www.irs.gov/pub/irs-prior/f1096--2017.pdf 

VolvoGirl
Level 15

Trying to revise 2017 taxes and add a 1099misc to a contractor

Here is a screen shot I happen to have from 2017.

 

T HB Prepare W2 1099 2017.jpg

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