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Problem with 1099-MISC entered - Payers TIN and Box 7 there is no other information except for an Account number and when I hit continue it says fix errors on page

problem with 1099-MISC entered - Payers TIN and Box 7 there is no other information except for an Account number and when I hit continue it says fix errors on page do I have to upgrade?

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PhyllisG
New Member

Problem with 1099-MISC entered - Payers TIN and Box 7 there is no other information except for an Account number and when I hit continue it says fix errors on page

Yes.  You will need to upgrade because you are considered an independent contractor when box 7 of the Form 1099-MISC is completed.

A Form 1040, Schedule C or C-EZ is required to report your income and any business related expenses. You may also be subject to self-employment tax if your net business income is $400 or more.

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