I am a Sole proprietor with a financial coaching business. my clients are also proprietors/LLCs. They pay all of my fees with credit cards. Do I need to provide W9’s?

[adrienne_wolfe]

My fees are over the $600 limit. My typical scope of work is teaching the business owners how to budget and forecast their business.

[Kat]

Since these people are your clients (vs. contractors that perform a service for YOU), you do not need a W-9.  Additionally, you don't need to prepare Form 1099 for any of them.

As a sole proprietor, you must keep records of all of your income, regardless of how your clients pay for your services.  Hopefully you have kept good records of all income, as well as expenses related to your business.  

A W-9 is the form that you would give people who perform services for you.  These people complete and return this form to you.  It contains important information that allows you to prepare information forms (such as 1099-NEC) IF you were paying them.  This in no way pertains to your situation as you've described it.

When working in the TurboTax programs (either Self-Employed in the online platform or TurboTax Home & Business in the desktop platform), you'll enter your income and applicable expenses.  Go through the interview answering each questions appropriately.  

[AWolfe2]

Hi, Kat - to make sure we’re speaking the same language. A client is asking me to send them a completed W9 so they can issue me a 1099. Does that seem correct?

[VolvoGirl]

Yes.  They need your ssn or EIN to send in a 1099NEC for what they paid you.   You need to fill out the W9 and give it to them.

And you don't need to get a 1099NEC to report your income.  

Just enter it as Other self employment income or as Cash or General income.  You don't need to get a 1099NEC or 1099K.  Even if you did you can enter all your income as Cash.  Only the total goes to schedule C.

You can enter Self Employment Income into Online Deluxe or Premier but if you have any expenses you will have to upgrade to the Self Employed version.  Or use any of the Desktop CD/Download programs.

How to enter income from Self Employment

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...

[Kat]

@AWolfe2 Yes, as @VolvoGirl has described in her answer (thanks, Volvogirl), you will need to fill out and return a W-9 that is requested of you.

They will issue you an informational form, which in essence is a check-and-balance that the IRS looks for to make sure you're reporting all of your income.   Sorry if I misunderstood your question.  Best of luck!