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Hello. Do I include 1099 misc. in gross revenue and as reported 1099 misc. income? Or do I deduct 1099 misc income from gross revenue

Forum|Forum|7 years ago
June 5, 2019
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deduct 1099 misc. from gross revenue and then add to 1099 misc. section? I don't want to falsely increase gross earnings.

TurboTax Home & Biz Windows

Best answer by PaulaM

Include the 1099-MISC for your business in its own category, separate from the General Income category. On the schedule C, the gross receipts will be reported on line 1a and the income reported on a 1099-MISC will flow to 1b. Then summed together.

P

PaulaMAnswer

Employee

Include the 1099-MISC for your business in its own category, separate from the General Income category. On the schedule C, the gross receipts will be reported on line 1a and the income reported on a 1099-MISC will flow to 1b. Then summed together.

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