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Level 1
posted Feb 15, 2024 6:17:11 AM

1099-NEC - Enter in two places?

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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1 Best answer
Employee Tax Expert
Feb 15, 2024 7:22:54 AM

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:

  • Federal
  • Income and Expenses
  • Show More next to Self-Employment
  • Start or Revisit next to Self-Employment
  • Yes, to you have any self-employment income or expenses
  • Enter the type of self-employment work you do
  • Click through a few more screens and you will get to a screen that says "Your XX info"
  • Click Looks good
  • Then you will come to a screen that says Let's enter the income for your business.  It will give you the option of 1099-NEC or Other self-employed income including the 1099K , cash and checks.  Select the one that applies to you and hit continue  YOU WILL ONLY ENTER IT AS ONE THING.  If you ONLY have a 1099-NEC, do NOT enter it as anything else.
  • If you do not select one, it will not let you enter your income
  • Enter your self-employment income on the next screen
  • Continue and on the next screen click add expenses
  • scroll down and click add more until you see vehicle expense

2 Replies
Employee Tax Expert
Feb 15, 2024 7:22:54 AM

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:

  • Federal
  • Income and Expenses
  • Show More next to Self-Employment
  • Start or Revisit next to Self-Employment
  • Yes, to you have any self-employment income or expenses
  • Enter the type of self-employment work you do
  • Click through a few more screens and you will get to a screen that says "Your XX info"
  • Click Looks good
  • Then you will come to a screen that says Let's enter the income for your business.  It will give you the option of 1099-NEC or Other self-employed income including the 1099K , cash and checks.  Select the one that applies to you and hit continue  YOU WILL ONLY ENTER IT AS ONE THING.  If you ONLY have a 1099-NEC, do NOT enter it as anything else.
  • If you do not select one, it will not let you enter your income
  • Enter your self-employment income on the next screen
  • Continue and on the next screen click add expenses
  • scroll down and click add more until you see vehicle expense

Level 1
Feb 15, 2024 8:10:53 AM

Thanks very much for the quick response Vanessa!