DO I NEED TO FILE 1099- MISC THIS YEAR OR CAN I IN 2017?

[bbockenhauer]

MY FIRST YEAR DOING A 1099- MISC FOR CLEANING WORK I DO- ONLY STARTED IN DEC 2016- SO ITS FOR THE 1 MONTH. AM I ABLE TO FILE THIS 2016 1099 WITH NEXT YEARS 1099 TOGETHER SO ITS BOTH? OR DO I HAVE TO FILE IT FOR THE 1 MONTH THIS YEAR? WONDERING MY OPTIONS.

[Texas Roger · Accepted solution]

You must enter information from a 1099-MISC for 2016 on a 2016 tax return. You can't hold it until next year. You must upgrade to Self Employed to enter it on Schedule C when using the online product. 

There is another free product called the Freedom Edition that you may be eligible to use if your income is around $31,000 or less. It will not be available for another weeks or so. Here is a link to check it out: https://ttlc.intuit.com/questions/2026912-how-do-i-switch-to-turbotax-freedom-edition

[bbockenhauer]

IF I DO NOT HAVE MUCH IN EXPENSES SPENT ON THE 1 MONTH THAT I NEED THE 1099 FOR IS THAT EVEN WORTH DOING? UPGRADING TO AN $85 EDITION TO ENTER EXPENSES THAT WERE PROBABLEY ABOUT $100? NEW AT THIS AND JUST CONFUSED. WANT TO DO CORRECTLY.

[Texas Roger]

You must include the income and enter the income on a Schedule C whether you had expenses or not. When using the online product, Schedule C is only available in the Self Employed version. You must pay self employment tax on the 1099-MISC income if it was more than $400. Check out the Freedom edition in my answer if you think you qualify for it. It is free.

Or you could buy and download any version of the CD/download product and install it on your computer. All of those versions have Schedule C.