I received a 1099Misc income form from a part time job that I have. When I try to complete my taxes, I keep getting an error message saying I need to complete the Schedule C form. I understand that with the Schedule C they are interpreting that I own a business - which I do not. I have put in basic info for the Schedule C and put $0 as the income which keeps getting back in the loop of Turbo Tax saying I need to review and edit the form.
My question is this - when I put in the amount I was paid in both the 1099 area and the Schedule C - my taxes go from a refund to me paying. I feel like I'm missing something as to how to make this work.
Help, please.
You'll need to sign in or create an account to connect with an expert.
If the dollar amount reported to you is in Box 7 then, by definition, you have a "business" even if you don't consider it as such and that income, (and any related expenses), need to be reported on Schedule C. Don't report the 1099-MISC in the stand-alone "1099-MISC" interview, simply start the Schedule C interview and enter the information over there, along with any legitimate expenses.
"My question is this - when I put in the amount I was paid in both the 1099 area and the Schedule C - my taxes go from a refund to me paying. I feel like I'm missing something as to how to make this work."
You probably are entering the income twice but trying to judge the correctness or otherwise of your income tax return by looking at the "Refund-O-Meter" at the top of the screen is simply wrong. When you feel that you've entered all the required information for your income tax return print out your income tax return before you file and check it for accuracy. Only when you're convinced that you income tax return is as correct as you can make it, then you file.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
gnest02
Level 1
steyaert
Returning Member
rsc01-1
New Member
Smithy4
New Member
keeponjeepin
Level 2