164817
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

Graceahp
Returning Member

How to edit the imported Income number?

I have imported data from QuickBooks and the "Imported Income or Sales NOT reported on 1099-MISC. But the number shown there is not accurate. How do I edit that number so its correct? Do I need to do something in QuickBooks so TurboTax knows which customers submitted a 1099-MISC?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

How to edit the imported Income number?

Quickbooks is an accounting program and there's no way that you can somehow tell Quickbooks. as you're entering income in January, February, March, etc., that "this customer is going to be sending me a 1099-MISC some time next January or February" or "this customer won't be sending me a  1099-MISC."  You just can't make that distinction until well after the fact if and when the 1099-MISC's show up, or don't show up. 

TurboTax does ask about income reported on a 1099-MISC and income not reported on a 1099-MISC, but that distinction - and none of the 1099-MISC detail you might enter - is included in the income tax return you transmit to the IRS.  All the IRS sees in your income tax return is a lump-sum amount of "sales" or "revenue", nothing else.

So if your Quickbooks has your correct income number for the year and the correct amount has been imported into TurboTax then there's nothing else you need to do.

Tom Young

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question