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New Member
posted Mar 4, 2021 10:37:59 AM

Why is charging me for 1099

I have a 1099-nec and dont want to to use self employment edition

0 4 2162
4 Replies
Expert Alumni
Mar 4, 2021 1:12:35 PM

You can enter a 1099-NEC as 'Other Common Income'. It will not create a Schedule C for self employment income.

 

 If you don't have any expenses just check that option when entering the information.  

 

However, if you do have expenses it may be to your benefit to enter those in order to offset this income which may reduce your tax. 

 

Please follow the instructions below to report other income.

  • Click Federal Taxes -> Wages & Income and scroll down to Other Common Income
  • Go to the last selection,Income from 1099-NEC and click Start
  • Go to the last option, Other reportable income and click Start
  • When it asks, "Any other reportable income?" say yes and then type in a description and the amount to report it on your tax return.

 

-For more information follow this link-

What is Form 1099-NEC

Level 15
Mar 4, 2021 1:15:42 PM

A 1099NEC is for Self Employment income.

You can enter Self Employment Income into Online Deluxe or Premier but if you have any expenses you will have to upgrade to the Self Employed version. Or use any of the Desktop CD/Download programs.

 

How to enter income from Self Employment
https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

 

Or There is also The Turbo Tax Free File program which is free for federal and state. And has more forms than the Federal Free Edition, like Schedules A, B, C , D, E, F, EIC, H, K-1, SE, etc.

 

To qualify for the Free File website you just need to meet one of these 3 things.

AGI $39,000 or less.

Active duty military with AGI of $72,000 or less

OR qualify for EIC (earned income credit.)

 

In order to use the Free File program, you have to start it at a special website. Try signing in at the top right.

https://freefile.intuit.com

 

New Member
Feb 7, 2024 8:30:18 AM

Ray the expert is wrong! If you have to file a 1099-NEC form (mine was only for $800+), it doesn't matter what category you use (even common income), TurboTax will say you have to upgrade from the free tax service to the $39 upgraded service.

Level 15
Feb 7, 2024 8:34:32 AM

You have added on to a very very old thread.  But the answer is still the same except they changed the online version names.  Yes you have to upgrade from the Free Edition.

 

You can enter 1099NEC or Self Employment Income into Online Deluxe but if you have any expenses you will have to upgrade to the Premium or use any of the Desktop CD/Download programs. All the Desktop programs have the same forms, so you can buy a lower version.  You just get more help and guidance in the higher versions.

 

How to enter income from Self Employment

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653