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February 6, 2021
Question

I have to input a schedule C what is the right amount that is supposed to be there?

  • February 6, 2021
  • 1 reply
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1 reply

ColeenD3
February 6, 2021

Whatever your self-employment income was for the year is included in the Income section. You may receive cash, 1099-NEC or a 1099-K. While you may have to make separate entries for the types of income, it is all still SE income and will have one amount on Line 1, Gross Receipts.

 

Follow these steps to go to the Schedule C section of your return:

  1. On the top right corner of TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner).
  2. Type in “schedule c” (or for CD/downloaded TurboTax, click Find).
  3. Click on “Jump to schedule c”.
  4. Click on the blue “Jump to schedule c” link

If you do not already have a Schedule C in your return, follow the prompts and enter the information about your work/business for which you received the Form 1099-NEC.  Then continue through that section to Add Income and enter the Form 1099-NEC along with any additional income you received for that business.