I do not have eins for everyobe due to makingless then $600 how do i continue

Forum|Forum|7 years ago
June 6, 2019
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TurboTax Self Employed Online

Best answer by MaryK1

You will want to remove the income that you did not actually receive a 1099-MISC for from the list. You will enter it as Income not reported on a 1099. You can add them together and enter the total, but keep the list with your tax records.

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marn1978Author

Level 2

Thankyou I’m sure I will

marn1978Author

Level 2

It never gave me a option of mile write off or expenses?? So am I ok because it says I don’t owe but I did not have options to due expenses or miles??? I just don’t want to get into trouble if not right??

marn1978Author

Level 2

I heard it’s either one or the other

MaryK1

Level 11

Yes, if you do not have taxes due, you can skip

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marn1978Author

Level 2

I think it deducted expenses and mileage though I didn’t even have option for either or??

MaryK1

Level 11

Sorry I did not understand. TurboTax is programmed to do the bigger deduction, so if you want to see if the actual expenses is more, you can go back to the car info and look for a question "Do you want to see if your actual expenses are more?"

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marn1978Author

Level 2

Oo ok so it probably did do my car and phone but I just feel like it’s not right I’m not sure but I def don’t want to get in trouble, my info from my quickbooks transferred over, I was told to put in car and phone and gas so I guess my question is if turbo tax automatically does it will it not come back on me later??? Because says I grossed like $7000 and wrote off $9359 is this right

MaryK1

Level 11

Yes, as long as you entered the correct amount TurboTax will only choose the more beneficial. Yes, it's not usual for self employment to have losses for the first few years. If you are using QuickBooks (and keep up with the entries) you will have good records, just remember to keep any receipts too.

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marn1978Author

Level 2

Is there anyway I can go back and just do mileage because I feel like it gave to much in write offs I’m not sure, because since I use both cars and car Ins and phone I put all that in quickbooks, or is this all ok, I’m sorry for all the questions but I don’t want IRS issues

MaryK1

Level 11

Yes, Just go to the Car Expenses and edit each car.

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