Entered a 1099-nec. the 1099-NEC comes up as "0" and the business income and expenses comes up with the amount entered in the 1099-NEC. All of my expenses are then ignored, and it forces the standard deduction.
WHY????
You'll need to sign in or create an account to connect with an expert.
You will need to enter the information in both Form 1099-NEC and Schedule C sections. You would start from the 1099-NEC section under "1099-MISC and Other Common Income". You would then follow prompts to tell the program you are filing a Schedule C. As it creates a Schedule C for you, you will need to go to the Schedule C portion separately to confirm your income amount, add related expenses and complete required information.
In TurboTax online, here are the steps:
Then
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
DeboraWood148
New Member
lauriebrady
New Member
3000NAR
New Member
user17693062481
Returning Member
angelarsanders04
New Member