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?
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: