turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

info39
New Member

How do I enter a 1099-MISC my business received?

I am filing a 1065 for my partnership.  The business received a 1099MISC under it's name and FIN from another business (The business sold product on consignment in a store).  Where do I enter the compensation amount(box 7)?  Is there a separate place for it or do I just add it to the product sales amount?  It is not already included in the gross receipts total.



1 Best answer

Accepted Solutions
CathiM
New Member

How do I enter a 1099-MISC my business received?

Just add it to receipts total. As long as your total receipts are more than your total 1099-MISC amounts you are okay.

View solution in original post

1 Reply
CathiM
New Member

How do I enter a 1099-MISC my business received?

Just add it to receipts total. As long as your total receipts are more than your total 1099-MISC amounts you are okay.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v