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
Close icon
Do you have a TurboTax Online account?

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

How do enter income received through a purchase order

I am a consultant for a university and received income (~$10K) through a purchase order.  I do not have a business (e.g., LLC), I just was paid an hourly rate for the hours I consulted. I have not, nor do I expect to receive any end of year forms from the university to document actual payment for 2019.  How should this be included?

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
LeonardS
Expert Alumni

How do enter income received through a purchase order

You will report this as self-employment income on Schedule C Profit and Loss from Business.

 

The IRS requires that employers issue Form 1099 to any individual who is not an employee and is paid more than $600.  Employers have until January 31, 2020, to issue Form 1099.

 

To enter information in Schedule C follow these steps:

  • With TurboTax open: select the Wages & Income tab.
  • Click on I'll choose what I work on scroll down to business items.
  • Select visit all on line Business Income and Expenses (Sch C) 

Follow the screen prompts to enter your Schedule C information. 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
LeonardS
Expert Alumni

How do enter income received through a purchase order

You will report this as self-employment income on Schedule C Profit and Loss from Business.

 

The IRS requires that employers issue Form 1099 to any individual who is not an employee and is paid more than $600.  Employers have until January 31, 2020, to issue Form 1099.

 

To enter information in Schedule C follow these steps:

  • With TurboTax open: select the Wages & Income tab.
  • Click on I'll choose what I work on scroll down to business items.
  • Select visit all on line Business Income and Expenses (Sch C) 

Follow the screen prompts to enter your Schedule C information. 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies