Although Form 1099-NEC links to Schedule C, I get a red error on the worksheet when in Forms mode. Schedule C is correct. However, on the 1099-NEC worksheet, it shows the lettering in red for some strange reason in the Box 1 area where it says "double click to link to." I want the worksheet to link to the Schedule C, but the worksheet itself won't allow it, even though it shows up successfully on the Schedule C form.
You should not have to link the 1099-NEC to Schedule C if entered in the proper section of the program (the Business Income and Expenses section).
I've already tried that, but the program will not let me link it to the Schedule C that I want. It wants me to create a whole new schedule C, but I don't want to create a new Schedule C. I have attached 2 images. It calculates correctly on the Schedule C, but it shows an error in red lettering on the NEC worksheet.
There is an issue with entering more than one 1099-NEC currently.
For example, if I try, using TurboTax Home & Business, to enter more than one 1099-NEC, the second one I enter overwrites the first entry.
Your error may be related to this "bug". Hopefully, the developers will look at this next week and include a fix in the weekly update.
This is a huge issue for me. I am trying to enter information now. I have multiple schedule Cs and multiple 1099s for each business. I don't get an option to select or add other 1099s. I have been doing this for years. How is it January 23rd and this isn't figured out yet. How do I contact TT to urge them to make this a priority?
Any word on when it will get fixed? All they need to do is change the red lettering to green lettering on the linking part of the NEC worksheets while they all point to the same Schedule C.
Go to Tax Tools> Tools> Delete a form. Delete 1099 NEC. Run Review. Go to Federal Income and Expenses> Self employment income and enter 1099 NEC info