I have Turbo Tax home and business for completing both our individual personal tax return and our self-employed business tax return. I need to prepare a 1099-MISC for a subcontractor (box 7 non-employee compensation). The IRS deadline for 2017 filing this is 1/31/2018. I won't have the other information for completing my individual & business tax return until the end of February. If I use Turbo Tax home and business to complete the 1099-MISC by the 1/31/2018 deadline -- can I e-file just that portion electronically with the IRS and then later use Turbo Tax home and business to e-file my individual and sole-proprietor business tax return or do I need to mail a paper copy of the 1096 and 1099-MISC to the IRS?
After you have completed the 1099 forms the QEF program can efile them for you ... just follow the screen instructions to do that AND save a PDF for your files AND print the copies for the sub contractors that you need to mail or deliver to them by 1/31.
After you have completed the 1099 forms the QEF program can efile them for you ... just follow the screen instructions to do that AND save a PDF for your files AND print the copies for the sub contractors that you need to mail or deliver to them by 1/31.
So -- I can e-file the 1099-MISC to the IRS and then later in March e-file my 1040 which includes Schedules C and E for Form 1040? In other words - I will be performing 2 separate e-files to the IRS?
Yes ... they are submitted to to separate places and not submitted together. If you have a state 1099 filing requirement you must do that separately.
You mentioned state filings for 1099-MISC.
States are now requiring electronic filings of 1099-MISC. Can that be done through QEF or a TT product? I actually have a number of different states which complicates matters.