I received a 1099-NEC for some work that I do as an independent contractor. When I do my tax forms turbotax asks for this info under the 1099-MISC and other common income section and then it also asks for it in the Business Items section. Is it counting this income twice?
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You will only enter it once, just in the business section of your return. Do not enter it again as a 1099-Misc. You are correct, it would be counting the income twice and you would be double taxed on that income. Be sure you are entering it as self-employment and not anywhere else on your return.
To enter your self-employment income click the following:
You will only enter it once, just in the business section of your return. Do not enter it again as a 1099-Misc. You are correct, it would be counting the income twice and you would be double taxed on that income. Be sure you are entering it as self-employment and not anywhere else on your return.
To enter your self-employment income click the following:
Thanks very much for the quick response Vanessa!
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