1099-MISC not showing on Income Summary

Forum|Forum|2 years ago
January 27, 2024
2 replies
0 views

Hello

1099-MISC amount is not showing on Wages & Income Summary (Under 1099-MISC and Other Common Income column).

It is there for 2022 but not 2023.

The information has flowed onto the appropriate schedules - the same as last year.

Why is this not showing? This is the only thing preventing me from submitting my taxes. I have run 'Federal Review' and 'Smart Check' several times and it indicates everything is entered correctly/no missing information.

I feel very anxious about submitting my taxes with this not resolved. Thank you.

Best answer by danielginsberg

Yes, that is correct. It is fine that the income does not show on the income summary as long as it is properly reported on the Schedule E and Schedule 1.

It may fine from a filing one's taxes perspective, but I don't think it's fine from a software perspective. I have the same issue where on the summary it only shows a total of $39, even though if I click on that it shows that charge plus rental property income of $4280. I think the 1099-MISC Summary total should equal what shows on that line in the 2023 Income Summary.

DianeW777

The following steps will allow you to check your Form 1040 to see if it's showing up as part of your income. This allows you to scroll through the 1040 and all schedules. If you don't see it there please update in this post and we will help.

Using the Tax Tools:

To find Tools:
- Sign into your TurboTax account and open or continue your return.
- Select Tax Tools in the left menu.
- You'll find Tools beneath Tax Tools.
- Select View Tax Summary
- Select Preview My 1040 (left)

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

MichelleBeyersAuthor

G'morning Diane,

Thank you for this response.

The 1099-MISC is for rental income (and I'm using Turbotax Premier)

Could you please confirm what forms I should look at?

Thank you,

Michelle

DianeW777

Whether you entered it through the rental income section or if you entered it directly on the 1099-MISC and selected Rental income from the rental of real estate (Schedule E), it should flow on the Schedule E, and then the net profit from your rental activity would transfer to the Schedule 1, line 5. You can scroll to the schedules through the preview above.

If rental income was not selected check out Schedule 1, line 8.

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

bvz

Employee

This is absurd. I am having the same issue and now my "summary page" is a "here are some numbers that have nothing to do with your actual tax info" page.

Looking back, this is a bug that has been around for several tax years.

https://ttlc.intuit.com/community/taxes/discussion/income-summary-page-fails-to-show-the-1099-nec-that-i-entered/00/2481222

DWood535

I gotta say I agree ... this is absolute bull**bleep**. To have a known problem, possibly for several years, and not fix it? I've mostly been a TurboTax fan, but this is beyond stupid.
I'm looking at the same problem ... entered a 1099-MISC, nothing will show on the income summary, even though I have completed the process. I've tried deleting and re-entering ... same result. If I go to "update" or "edit" the entry ... it's all there ... the information doesn't get transferred back to the summary.
What the heck is wrong with these people?

Thanks to the folks in this thread who advised to check the actual forms ... and yean, we're good there, so I can go ahead and file ... but this is stupid.