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April 5, 2021
Question

How do you import income if you never received a 1099? Also this is my first time filing

  • April 5, 2021
  • 1 reply
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1 reply

RayW7
April 5, 2021

If your income is related to self employment then you will enter your income in Schedule C.  TurboTax will guide you through this.

 

 No 1099-Misc how to enter for self employment income. 

  1. First, sign in to TurboTax
  2. Next, click the orange Take me to my return button
  3. On the white bar at the top, click Federal Taxes
  4. Then, Wages & Income
  5. In the Self-Employment section (you may need to click Show more), next to Income and Expenses, click Start (or Revisit)
  6. When asked "Did you have any self-employment income or expenses?" select Yes
  7. You'll see the screen titled "Tell us the type of self-employment work you do." Enter your description, then Continue
  8. On the next screen "Let's get income for [description]" select the button Additional income. Includes 1099-K, check/cash payments and Continue 
  9. The next screen will say "Tell us about additional income for your [description] work." List descriptions and amounts on this screen

 

No 1099- If the income is not related to self employment the enter as follows-

 

To enter as Other Income, here are the steps:

  • Sign in to your account, select Pick up where you left off
  • To the right upper corner, in the search box, type in "other reportable income" and Enter
  • Select Jump to other reportable income
  • Next screen, Other Wages Received, select No to continue
  • Next screen, scroll down all the way to the bottom, under Other reportable income, select Start
  • Next screen, Any Other Taxable Income? select Yes to continue
  • Enter a description and the amount.

-follow these links for additional information-

What Is a Schedule C IRS form? - TurboTax Tax Tips & Videos

Reporting Self-Employment Business Income and ... - TurboTax

fanfare
Employee
April 5, 2021

with whom do you have an account and what product are you trading.?

A stock broker must supply to you a 1099-B.

If you will not get a 1099-B you enter your transaction details one at a time from your own records.