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Level 1
posted Feb 15, 2020 7:08:31 AM

I am a full time W-2 employee. I do some consulting for others and received a 1099-Misc. The work is similar to my full time job. How do I enter consulting work in TT?

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1 Replies
Expert Alumni
Feb 15, 2020 8:49:00 AM

 

 

By receiving a Form 1099-MISC for doing consulting work, you are required to file a Schedule C.  Here are the steps:

 

In TurboTax online, 

  • Sign in to your account and select Pick up where you left off
  • At the right upper corner, in the search box, type in schedule c and Enter 
  • Select Jump to schedule c
  • Follow prompts

Besides reporting the business income, you are allowed to deduct any business-related expenses to reduce the income.