I received a 1099-MISC ($180K for consulting)

[rtc1]

1) This is my 1st year as consultant.
2) Unfortunately my accountant does not use Turbotax (TT)

[fanfare]

what is your question?

an accountant ( paid preparer) cannot use Turbotax, it is only for individual returns that you choose to do yourself.

[rtc1]

After I entered the 1099-MISC and the estimated tax payments (which included the estimated Social Security and Medicare taxes) into Turbotax (TT),  line 8a of Schedule SE is showing $0.  My accountant thinks it should be > $132,900.  Reading the info for line 8a, since I received a 1099-MISC and not a W-2 as a consultant, not sure how I can make the figure go beyond $0.  The estimated tax payment is captured on Schedule 3 line 8 & 14 as one lump sum.  Am I entering the info correctly?

[Critter-3]

@rtc1 

Which box is the amount in on the 1099-misc?   If it was box 6 then it needs to go on the Sch C like the accountant is doing  AND   the issuer  really should have used the new 1099-NEC form. 

[fanfare]

For Tax Year 2020 --

Delete the 1099-MISC.

Enter your compensation as if you are seeing it on a 1099-NEC with amount in Line 1.

You should get the proper results.

[rtc1]

When I edit the 1099-MISC, and input the income from box 7 to box 1 (rent),  line 8a of Schedule SE remains unchanged at $0.

When I delete the 1099-MISC and start over, it does not give me an option to enter 1099-NEC; my only options are shown below:

What type of income did you receive for this work? If you received more than one type, we'll enter them one at a time.

1099-MISC. Add all 1099-MISCs for this work. 

Other self-employed income. Includes 1099-K, cash, and checks.

Uncommon income. Includes awards, interest, debt previously deducted. 

Import from a payment processor. Import income from Square. 

[rtc1]

Box 7 Nonexployee Compensation

[Critter-3]

@rtc1 

What tax year are you completing ?    What tax year is on the 1099-MISC form ?   There is no box 7 on the 2020 1099-misc form ... box 7 was moved to box 1 of the 1099-NEC form for 2020 and the future.  Maybe the issuer used the wrong form.   Box 7 is only a check box now ... did the issuer enter in numbers ? 

https://www.irs.gov/pub/irs-prior/f1099msc--2020.pdf

If this is what happened then simply enter it in the program either as a 1099-NEC box 1 entry or skip the 1099 section and enter it as OTHER SE  income in the Sch C section ... either option will get you the correct result.

[rtc1]

Hi, the 1099-MISC was for 2019; I'm amending the return after discovering this problem.

When I tried to enter the income as "Other self-employed income" and zeroed out the 1099-MISC box 7, line 8a of Schedule SE still comes out as $0.

[VolvoGirl]

Did you have any W2 wages?  Line 8a is only from W2.  If you are married be sure all the W2 income and Schedule C self employment are assigned to the right spouse.

[rtc1]

I did have a small amount of W2 wages and it did show up on 2019 SE line 8a.  I did not mention it earlier as I didn't think it was germane to the main puzzle below:   

Why does my 2019-1099-MISC box 7 Nonemployee compensation entry NOT show up on the 2019 schedule SE line 8a as 132,900 (or more)?  

Whereas in 2020, the employer issued me a 2020-1099-NEC; when I entered the box 1 data into Turbotax, the 2020 schedule SE line 8a DOES show it as 137,700 (or more) - the way my accountant told me it should.  Was there a glitch in the 2019 Turbotax software?

[Critter-3]

I suggest you delete the 1099 form entry all together and the Sch C and start again this time skipping the 1099 section all together... this can be done easily in the FORMS mode.    And while you are there look around.    Is the income showing up on the Sch C at all ?   Are you married ?  If so is all the income being reported to the correct spouse ?   

[rtc1]

Unfortunately I'm using the 2019 online version of TT so there is no FORMS.  The Schedule C as is does capture the consultant income and the W-2 are properly assigned to my spouse and I individually.  

Could the problem lie in that I have both W-2 and 1099-MISC non-employment income, so that on line 8a of Schedule SE, the W-2 income overrides the 1099-MISC income somehow?

[Critter-3]

Ok ... you cannot possibly be using the ONLINE version for any 2019 return ... you must be using the downloaded version installed on your return.   If you are using the online version for a 2019 return then STOP ... the online program is only for the 2020 tax year.  

[rtc1]

Sorry, should have clarified that I'm using the online version of 2020, but it allows you to bring up past year TT submissions for amendment; and when you amend for 2019, it asks if I wish to amend online, that is what I'm using.