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jaa375
New Member

Where do I add deductions to my 1099 Misc? I directed a middle school musical and purchased many of the props and costumes out of pocket.

 
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AlanT222
Expert Alumni

Where do I add deductions to my 1099 Misc? I directed a middle school musical and purchased many of the props and costumes out of pocket.

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:

  1. Open or continue your return.
  2. Search for schedule c and select the Jump to link in the search results.
  3. Answer Yes to Did you have any self-employment income or expenses? and follow the instructions.
    1. If you've already entered self-employment work and need to enter more, select Add another line of work.

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.

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

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1 Reply
AlanT222
Expert Alumni

Where do I add deductions to my 1099 Misc? I directed a middle school musical and purchased many of the props and costumes out of pocket.

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:

  1. Open or continue your return.
  2. Search for schedule c and select the Jump to link in the search results.
  3. Answer Yes to Did you have any self-employment income or expenses? and follow the instructions.
    1. If you've already entered self-employment work and need to enter more, select Add another line of work.

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.

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

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