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jjhb47
New Member

I do not have a 1099. i buy inventory, pay taxes and shipping when i purchase. i make my income when i sell it . i have invoices. how and where do i report my income?

 
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Accepted Solutions
Coleen3
Intuit Alumni

I do not have a 1099. i buy inventory, pay taxes and shipping when i purchase. i make my income when i sell it . i have invoices. how and where do i report my income?

You can enter all this information without a 1099-Misc.

Report income without a 1099. Here's how to do that:

  • Click on Federal Taxes .
  • Click Wages & Income
  • Under All Income, click Show all income
  • Scroll to Self-Employment, click Start
  • Click Yes to Did you have any self-employment income or expenses?
  • Enter any income from sales or services that weren't reported on Forms 1099-MISC

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2 Replies
Coleen3
Intuit Alumni

I do not have a 1099. i buy inventory, pay taxes and shipping when i purchase. i make my income when i sell it . i have invoices. how and where do i report my income?

You can enter all this information without a 1099-Misc.

Report income without a 1099. Here's how to do that:

  • Click on Federal Taxes .
  • Click Wages & Income
  • Under All Income, click Show all income
  • Scroll to Self-Employment, click Start
  • Click Yes to Did you have any self-employment income or expenses?
  • Enter any income from sales or services that weren't reported on Forms 1099-MISC

I do not have a 1099. i buy inventory, pay taxes and shipping when i purchase. i make my income when i sell it . i have invoices. how and where do i report my income?

You can enter income into Deluxe or Premier but if you have any expenses you will have to upgrade to the Self Employed version.
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