I was concerned if all the income is correct?

Forum|Forum|1 year ago
May 27, 2024
3 replies
0 views

I have 1 misc. for1480$
2 nec 1 for 38759
and 2nd nec for 18589

TurboTax Deluxe Online

Best answer by VolvoGirl

Don't know what the 1099Misc is for but the 1099NEC is for self employment income. You have to file self employment on Schedule C and pay self employment tax on it.

You can enter Self Employment Income into Online Deluxe but if you have any expenses you will have to upgrade to the Premium version.

How to enter income from Self Employment

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...

Where to enter expenses

https://ttlc.intuit.com/questions/3636848-where-do-i-enter-my-self-employment-business-expenses-like-home-office-vehicle-mileage-and-supplies

rjs

Employee

VolvoGirlAnswer

Employee

Don't know what the 1099Misc is for but the 1099NEC is for self employment income. You have to file self employment on Schedule C and pay self employment tax on it.

You can enter Self Employment Income into Online Deluxe but if you have any expenses you will have to upgrade to the Premium version.

How to enter income from Self Employment

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...

Where to enter expenses

https://ttlc.intuit.com/questions/3636848-where-do-i-enter-my-self-employment-business-expenses-like-home-office-vehicle-mileage-and-supplies

rjs

Employee

We have no way of knowing whether your income amounts are correct, or whether you entered them correctly in TurboTax. We can't see your 1099-MISC and 1099-NEC forms or your tax return.