TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Personincomeentry1

Question

Input of Personal Income from business I own

Forum|Forum|11 months ago
April 8, 2025
1 reply
0 views

Owning a real estate business who received commissions for real estate transactions. The business paid the commissions to me. Those commissions are entered in the business income section. Now for the personal income, do I enter those payments as income on the personal income section? When I do, it adds the income back to my business side as well, basically doubling the income shown on the business portion.

TurboTax Home & Biz Windows

What kind of business is this? Are you filing Schedule C ?

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

Personincomeentry1Author

Real Estate Business. Yes Schedule C. Already input (imported) my business income and expenses. On the personal income, it is asking for 1099-NEC, when I enter it, it duplicates/adds that amount to the business income on schedule C.

Schedule C is a Sole-Proprietorship.

A Sole-Proprietor is a "pass-through" tax entity, meaning the income on the Schedule C is your income.

A Sole-proprietorship can have employees, but the owner (you) cannot be an employee, you are Self-Employed.

If the Title Company sends you a 1099-MISC or 1099-NEC, you enter that as business income.

If you pay agents, you report their yearly payment using 1099-NEC and they enter that income on their Schedule C.

You also report expenses.

The result is your income, you don't issue an income document (1099-NEC) to yourself.

The income on the schedule C flows to Schedule 1 and then flows to your 1040 line 8.

HERE is a link with more information.

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