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2019 1099-NEC and 1099-DIV display error

In Business Income, last years (2019) total income shows up twice: once as a 1099-NEC Income and repeated as a 1099-MISC Income.

Is this a bug? does this affect how estimated tax penalty is computed?

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3 Replies
CatinaT1
Expert Alumni

2019 1099-NEC and 1099-DIV display error

Are you seeing this on a comparison screen?  The 1099-NEC is a new form for Tax Year 2020 so you should not see this anywhere for 2019.  Can you explain your situation a bit more so we can properly assist you?

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2019 1099-NEC and 1099-DIV display error

Yes, it is in the 2020 TT Business Income screen shown below. The $329,903 amount is my total consulting income from 2019 and it appears twice (see items highlighted in red squares).  Does this affect any calculations, (for example estimated tax penalties) or is it just a display error ?

 

TT_Sceen.jpg

ColeenD3
Expert Alumni

2019 1099-NEC and 1099-DIV display error

Look at your actual 1040. If the income is doubles, delete the 1099-MISC version of it. Go to Forms in the upper right corner to see your forms

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