turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

tleuschen
New Member

My 1099-misc forms reflect income already entered as sole proprietor business income. Should I enter the 1099-misc amounts? is this double entering income?

My income on schedule c includes the information on 1099 misc forms

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

My 1099-misc forms reflect income already entered as sole proprietor business income. Should I enter the 1099-misc amounts? is this double entering income?

If the income is already included on your Sch C, then based on your facts it appears you would be doubling your income.

I recommend you enter the income of each 1099-MISC separately so you are able to locate this quickly should you be audited or just want to check for yourself.

This would just be a matter of subtracting out the 1099-MISC income from what you have included and then entering each 1099 separately.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

View solution in original post

1 Reply

My 1099-misc forms reflect income already entered as sole proprietor business income. Should I enter the 1099-misc amounts? is this double entering income?

If the income is already included on your Sch C, then based on your facts it appears you would be doubling your income.

I recommend you enter the income of each 1099-MISC separately so you are able to locate this quickly should you be audited or just want to check for yourself.

This would just be a matter of subtracting out the 1099-MISC income from what you have included and then entering each 1099 separately.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies