You'll need to sign in or create an account to connect with an expert.
You use YOUR address.
Although it may be news to you that you “have a business” (and most of the other people who get their first 1099-MISC); The IRS considers anything in box 7 of 1099-MISC to be self employment income. Enter the 1099-Misc income, at Other Common income / income from a 1099-MISC . TurboTax (TT) will complete Schedule C or C-EZ for you and allow you to deduct any expenses associated with this income. You'll also have to pay self employment tax (social security & Medicare) on any profits greater than $400. These types of payments are frequently done this way. Your "employer" is not the only one.
You do not need to enter every 1099-Misc that you got, unless you want them to be part of your pdf file. After entering the first one to get the business part of the program started, you will get a screen where you can enter them as line items or just use a total.
You use YOUR address.
Although it may be news to you that you “have a business” (and most of the other people who get their first 1099-MISC); The IRS considers anything in box 7 of 1099-MISC to be self employment income. Enter the 1099-Misc income, at Other Common income / income from a 1099-MISC . TurboTax (TT) will complete Schedule C or C-EZ for you and allow you to deduct any expenses associated with this income. You'll also have to pay self employment tax (social security & Medicare) on any profits greater than $400. These types of payments are frequently done this way. Your "employer" is not the only one.
You do not need to enter every 1099-Misc that you got, unless you want them to be part of your pdf file. After entering the first one to get the business part of the program started, you will get a screen where you can enter them as line items or just use a total.
It is best to use the address that is on the 1099-Misc.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
lhouse77
New Member
timcr7gk
New Member
ajaink
New Member
kudoo1
New Member
tommasoarona
New Member