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posted Feb 19, 2020 6:51:30 AM

Im trying to file my 1099k and 1099-MISC, but it wont allow me to file as independent contractor it keeps putting me asnthe owner of the business

why cant i file as an independent contractor

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1 Replies
Expert Alumni
Feb 19, 2020 7:17:43 AM

TurboTax is correct. If you're an Independent Contractor the IRS says you're the owner of your business. 

 

You may not think of yourself as running a business, but you’re considered self-employed if you engage in business-like activities. In TurboTax:

  • Enter your Name as the business name,
  • Enter your address as the Business Address and,
  • Click on NO when asked if you have an Employer Identification Number.

You are self-employed if you’re an individual who:

  • is the sole proprietor of an unincorporated business
  • works as an independent contractor, consultant or freelancer
  • is a member of a business partnership
  • owns or is part of a limited liability company (LLC)
  • earns income through investments
  • earns income through rental property.

Source: TurboTax FAQ