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V
vinodmom
March 16, 2025
Question

The only income I have for my S Corp is 1099-NEC what Income type I should use? Turbotax Business gives me only few choices

  • March 16, 2025
  • 1 reply
  • 0 views
-Products and services -Rental real estate -Farming -Schedule K-1 received -Disposal of business assets -Investments -Miscellaneous

    1 reply

    M
    MinhT1
    March 16, 2025

    The gross amount on your form 1099-NEC should be reported as Gross receipts or sales on your S-Corp tax return (form 1120S).

     

    In TurboTax, choose Products and services.

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