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April 3, 2022
Question

I received a 1099-MISC from Zazzle that started a Schedule C with lots of errors

  • April 3, 2022
  • 1 reply
  • 0 views

After filling in about $50 for the 1099 and saying they were royalties, TT created a schedule C that threw lots of errors in the review. Can I get some help figuring out what to fill in for these

1) Is this a qualified business under 199A? on first line

2) Principal Business code on B (quickZoom does nothing for me)

3) Accounting method

 

I would have thought that TT would handle this better since they are tons of people using Zazzle, etsy, etc.

    1 reply

    ColeenD3
    April 4, 2022

    1) Yes. You are self-employed. The royalty is reported on Schedule C if you create, whether it be art, writing books, or you have a patent.

     

    2) Your code would be for an online retailer. Try 454110

     

    3) Most small businesses use the cash method.