Hello,
I have TurboTax Deluxe and received a 1099-MISC along with a W2.
After I complete everything, the Smart Check finds errors that need to be corrected, it brings me to the Schedule C which makes me enter my "business" information.
I do not have a business, but I realize that with 1099-MISC it makes me now considered a business. I do not have the detailed information that TurboTax is asking me for, business type, accounting methods, and so on.
What do enter in a situation like this? Generic, basic information?
When you receive a form 1099-MISC, you are self-employed and considered as operating a business. This is not a business in the common meaning, but that you are in business doing what you do to earn the money reported on the 1099-MISC.
So in TurboTax, just give your name and address as name and address of the business, say that you are using the cash method, that it is a sole proprietorship and list the work as the work you do (for example consultant, photographer,...)
I did not receive any 1099 MISC this year. How do I delete Schedule C and eliminate the annoying error correction?
If you did not receive any 1099's in 2019, but your business is still operational, you should file a zero Schedule C return to let the IRS and/or your state know that the business is still operational, but you did not have any income or expenses.
If you did not receive and 1099's and the business is no longer operational you can delete the Schedule C form:
I received a 1099-MISC from a university to act as a outside marketing consultant for a temporary position. I am retired and this was only one job. I have TurboTax Deluxe and it appears that I must complete a schedule C 1099 form. Can I get this form on this particular TurboTax package and, if so, how can I find it. What I see when going into the Federal scanning process is that it is showing my husband as owner which is incorrect and I don't know how to proceed.
It was suggested to me by my tax professional to use the Prize Winning selection for my 1099 Misc that was a paid bonus. That way my earnings were taxed but I was not charged any business tax charges since I do NOT have a business. Doing this also dropped my audit risk way down. Was in the yellow before the change.
For your 1099-MISC:
If you have expenses to deduct, you will need TurboTax Online Self-Employed. If you do not have expenses to deduct, you can use TurboTax Online Deluxe.
If you use the TurboTax Download/CD product, you will need either the Deluxe or Home and Business versions, depending on what kind of Schedule C expenses you deduct. If you start with the lower priced product, you can upgrade to a higher-priced version if you need it.
Once you find the uploaded 1099-MISC in your software, you can select whether the 1099-MISC is for you or your husband on the 1099-MISC entry screen.
I am having a similar issue with my 1099-MISC. I filed my taxes more than a week ago (which were accepted) and shortly after, I was receiving e-mails for me to file a Schedule C. I am an independent contractor employed by a Modeling Agency and worked 1 job in 2019. Am I required to file a Schedule C?
If you receive income for non-employee compensation, you must include it in income. If you work in any capacity and did not receive a Form W-2 for wages, you must complete Schedule C.
To enter the income from a Box 7, 1099-Misc:
You can enter a 1099-MISC on the 1099-MISC Summary screen.
I have never seen the questions related to the schedule C on turbo tax before, and I have entered information incorrectly. How do I go back to that section in Turbo Tax and start over? I cannot seem to find it. Even when I review my 1099-Misc and start over.
Here's how to edit your Schedule C information:
Or if you prefer, select the garbage can to delete the business you previously entered and start over.
You can type schedule c into the search box and then click the "Go to Schedule C" link
If you want to report expenses, you will need to upgrade to TurboTax Self-Employment
Hello,
My mom is a widow and received a 1099 Misc from my father's old employer. Turbo tax is assuming she is a business owner as well. She received deferred income last year too from the same company and her CPA did not file a schedule C. I realize that Turbotax may be trying to help find a deduction for any expenses, But, in this case it's clear she is the farthest thing from being considered a business owner or sole proprietor. Is there a workaround so that we don't have to file a schedule C for this misc. Income?
where can I put my 1099 misc in prizes? I am not a business so I should not be filing a schedule c for this
To enter you 1099-MISC for prizes, click the "magnifying glass Search" icon on the top row, enter "1099-MISC" in the search window and press return or enter, and then click on the "Jump to 1099-MISC" link to enter your 1099-MISC. The prizes should be reported in box 3 Other Income, and when you answer the questions accordingly in TurboTax, you will not need a Schedule C to report the income.
Hey so Im doing my taxes and I have the 1099 misc from skilled trades and I dont know how to file it. It regesters as 1099 misc but is asking for me to put something in "schedule c." And I have no clue what to put but it wont let me leave it blank, it doesnt say anything about schedule c on the paper I have in my hand, ive tried writing the amount I recieved in it and it doesnt like that either.
Yes, 1099-Misc is entered on Schedule C if your income is in Box 7. Schedule C
You can enter a 1099-MISC on the 1099-MISC Summary screen.
I am also being asked for a business code that must be entered on the schedule C before Turbo tax will move forward. I am a 1009 contract consultant ( or a friend and he paid me a bonus at the end of the year), his accountant sent me the 1099-misc and I do not have a business.
If you have a 1099-Misc with Box 7 income, you must file a Schedule C. 1099-Misc
The code is: 541600 Management, scientific, & technical consulting services
Schedule C line B Business Code is a 6 digit number for your activity. Here are the IRS instructions for Schedule C. Business codes start on page 17.
http://www.irs.gov/pub/irs-pdf/i1040sc.pdf
See the FAQ on Business Codes,
https://ttlc.intuit.com/questions/1899356
If you can't find a code that applies, you can enter 999999.
You can look up your principal business code by using this link. If you don't see your code, you can enter "999999":
https://proconnect.intuit.com/articles/principal-business-activity-codes/
The reason I'm asking is because the "income" I'm reporting is a UAW legal service plan trust and is not SE income. The tax document from UAW states that I don't need to file Schedule C and should enter the income on the "other income" line of schedule 1. How do I go about entering it on that line through TurboTax Deluxe?
To enter your UAW service plan income follow these steps.
With TurboTax open select Wages & Income click I'll choose what I work on.
Scroll down to Less Common Income and select Miscellaneous Income, 1099-A, 1099-C
On the next page, select Other reportable income
On the page, Other Taxable Income enter UAW service plan income in the description.
This will put the income on Schedule 1 Line 8 , other income, of your Form 1040, as required by the IRS. You will pay state and federal income tax on the amount, but it will not be subject to self-employment tax.