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1099-c misc why doesn't it carry over from the business income. why do i have to enter it again under personal section

 
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Coleen3
Intuit Alumni

1099-c misc why doesn't it carry over from the business income. why do i have to enter it again under personal section

Is it a 1099-MIsc or 1099-C. They are two completely different things. 1099-Misc is non-employee compensation (if in box 7) and belongs in the Business section on Schedule C.

1099-C is cancellation of debt and is strictly personal.

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1 Reply
Coleen3
Intuit Alumni

1099-c misc why doesn't it carry over from the business income. why do i have to enter it again under personal section

Is it a 1099-MIsc or 1099-C. They are two completely different things. 1099-Misc is non-employee compensation (if in box 7) and belongs in the Business section on Schedule C.

1099-C is cancellation of debt and is strictly personal.

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