1099-NEC Display in 2024 Income Summary

I've read the community responses on this topic. However, I believe that there is an "issue".

My 1099-NEC appears in Forms view. And, I believe that the Turbo Tax Home & Business 2024 software is calculating properly. However, I'm completely 'Done' with all inputs and my 1099-NEC still does NOT appear in the "Your 2024 Income Summary" view under the "2024" column. BUT, the 1099-NEC for TY2023 DOES! So, the program gives the impression that the 2024 1099-NEC is "missing in action".

Quite frustrating!

1693

Expert Alumni

Apr 9, 2025 2:26:01 PM

If your 1099-NEC is part of your business income, it has losses netted against it to create your actual income. We had some business owners that thought they could claim retirement income against the full amount rather than the net. I believe the programmers may have made changes to help reflect that the NEC may not represent your actual income.

If your NEC is showing on Sch C or F or E correctly, you are in good shape.

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1099-NEC Display in 2024 Income Summary