Did you have a 1099-MISC or a 1099-NEC? They are very different forms this year. 1099-MISC no longer reports nonemployee compensation. That is only on 1099-NEC and that is the only form entered on Schedule C.
Thank you for your response. I only have a 1099-MISC by the company. I indicated that within the software too, that my form was 1099-MISC. This wasn't the only strange thing, TurboTax also prompted me to enter my W2 a second time from the same employer (after I logged out and back in) effectively trying to double my income.
Regarding 1099-NEC, should I try deleting the 1099-MISC info and entering it exclusively in the NEC ... even though I was only given the MISC?
Thank you thank you for your response.
I will suggest you to delete Form 1099-NEC by following these steps:
In TurboTax online version:
1. Sign into your account, select Pick up where you left off
2. Select Tax Tools, click on the drop down arrow
3. Select Tools
4. Under Other helpful links, choose Delete a form
5. Select Delete next to the form 1099-NEC and Continue with My Return
Beginning with the 2020 tax year, the IRS will require business taxpayers to report non-employee compensation on the new Form 1099-NEC instead of on Form 1099-MISC. Businesses will need to use this form if they made payments totaling $600 or more to a non-employee, such as an independent contractor. This was done to help clarify the separate filing deadlines on Form 1099-MISC and the new 1099-NEC form will be used starting with the 2020 tax year. If you received 1099-MISC, do not enter 1099-NEC.
Most of the time, IRS treats taxpayers who receive a Form 1099-MISC as business-related thus self-employed. It will show on line 8 of your Form 1040. You are required to pay the self-employed taxes. If you received this form only once in a while for some work unrelated to your main job, or if you receive it as an award or prize, you would not be treated as self--employed.