How do I switch from W2 to 1099 I'm already in the system

What exactly are you asking? What do you mean "switch"? Did you enter a W2 when you should have entered a 1099?

 

If you received more than $600, you should be issued a 1099-MISC. If not, you will not receive the document, but you still need to report the income. Please note, this will require you to pay self-employment taxes, which are Social Security and Medicare taxes, on this income.

 

Follow these steps if you have a 1099-MISC:

• Under the Federal menu, click on Wages & Income
• Expand the menu for Other Common Income
• Click Start/Revisit next to Form 1099-MISC
• Enter the information as shown on your document

If you have a business and the 1099 income is related to the business, you may have to create a Schedule C. This will also allow you to deduct business expenses. Follow these steps:

• From the Federal menu, click on Income & Expenses
• Expand the menu for Self-Employment
• Click Start/Revisit next to Self-employment income & expenses
• Edit next to the business or Add the business if needed
• Include the expense in Other Miscellaneous Expenses with a description

How do I change or correct the entry? Turbotax believes it is a w2 when it should be a 1099.

You will need delete your input in the W-2 section and then enter it as a 1099 section as applicable.

 

To delete the W-2 entry, you can do the following.

1. Go to the Federal section of the program. 
2. Select Income & Expenses
3. Select Job (W-2)
4. Select the little trash can icon to the right of the applicable W-2 entry

As far as the input for the 1099, it will depend upon the type of 1099 Form.  If it is a 1099-R, you will enter it as follows in the federal interview section:

1. Select Income & Expenses 
2. Scroll down to All Income 
3. Select show more to the right of Retirement Plans & Social Security 
4. Select start/revisit to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R) 

If the 1099 is related to another source, it will be still be entered into your Federal interview section.

1. Select Income & Expenses
2. Scroll down to All Income 
3. Depending upon the source of your 1099, your input would vary.  For example, a 1099-INT would be entered under Interest income.

 

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