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February 19, 2025
Question

1099 NEC

  • February 19, 2025
  • 1 reply
  • 0 views

I entered 2 1099-NEC into Turbo tax for 2024. I had the same ones in 2023. On the Income Summary Page the amount is shown. When I enter "done", the software takes me to the Income Summary Page to show me the comparison between 2023-24. The amount from 2023 is correct but the amount for 2024 shows ZERO. Why?

    1 reply

    February 24, 2025

    Did the income from the IRS form 1099-NEC flow directly to a self-employment activity, rental activity or farm activity?

     

    In such a case, the income reported on the IRS form 1099-NEC is reported in the activity and not to the right of the IRS form 1099-NEC.

     

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