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In order to deduct your expenses from the 1099-Misc, you would have to inter the income on schedule C. Once you enter the income as a business, the program will direct you to entering your expenses.
We'll automatically complete Schedule C or C-EZ when you set up your self-employment work in TurboTax or when you enter what the IRS considers self-employment income (it’s often reported on a 1099-MISC).
Schedules C and C-EZ are supported in TurboTax Self-Employed (both online and in the mobile app) and in all personal 1040 versions of the TurboTax CD/Download software.
To set up your business:
If you need Schedule C to report a 1099-MISC, search for 1099-misc and select the Jump to link. Answer Yes to Did you get a 1099-MISC? and follow these directions. We'll ask questions to find out if the income needs to go on Schedule C or C-EZ and add the right schedule to your return (if needed).
If your return only requires Schedule C-EZ, we'll generate Schedule C for calculation purposes. It won't be filed with your return.
In order to deduct your expenses from the 1099-Misc, you would have to inter the income on schedule C. Once you enter the income as a business, the program will direct you to entering your expenses.
We'll automatically complete Schedule C or C-EZ when you set up your self-employment work in TurboTax or when you enter what the IRS considers self-employment income (it’s often reported on a 1099-MISC).
Schedules C and C-EZ are supported in TurboTax Self-Employed (both online and in the mobile app) and in all personal 1040 versions of the TurboTax CD/Download software.
To set up your business:
If you need Schedule C to report a 1099-MISC, search for 1099-misc and select the Jump to link. Answer Yes to Did you get a 1099-MISC? and follow these directions. We'll ask questions to find out if the income needs to go on Schedule C or C-EZ and add the right schedule to your return (if needed).
If your return only requires Schedule C-EZ, we'll generate Schedule C for calculation purposes. It won't be filed with your return.
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