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Im trying to file my 1099k and 1099-MISC, but it wont allow me to file as independent contractor it keeps putting me asnthe owner of the business

why cant i file as an independent contractor
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1 Reply
HelenC12
Expert Alumni

Im trying to file my 1099k and 1099-MISC, but it wont allow me to file as independent contractor it keeps putting me asnthe owner of the business

TurboTax is correct. If you're an Independent Contractor the IRS says you're the owner of your business. 

 

You may not think of yourself as running a business, but you’re considered self-employed if you engage in business-like activities. In TurboTax:

  • Enter your Name as the business name,
  • Enter your address as the Business Address and,
  • Click on NO when asked if you have an Employer Identification Number.

You are self-employed if you’re an individual who:

  • is the sole proprietor of an unincorporated business
  • works as an independent contractor, consultant or freelancer
  • is a member of a business partnership
  • owns or is part of a limited liability company (LLC)
  • earns income through investments
  • earns income through rental property.

Source: TurboTax FAQ

 

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