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March 7, 2023
Question

I receive payment via 1099-NEC. I pay rent in the building where I conduct my business. How do I claim this as a business expense? (where do I enter it?) Thanks!

  • March 7, 2023
  • 1 reply
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1 reply

March 7, 2023

In TurboTax Self-employed Online, create a self-employment activity, then add the 1099-NEC income and business expense.

 

Follow these steps:

 

  • Down the left side of the screen, click on Federal.
  • Down the left side of the screen, click on Wages and Income.
  • Scroll down to Self-employment.  Click Show more.
  • Click on Start / Edit/Add to the right of Self-employment income and expenses.
  • You will go through several screens that create your self-employment activity.
  • If you arrive at the screen Your self-employed work summary, click Edit to the right of the activity.
  • At the screen Here's your info, scroll down to income and click Add income for this work.
  • This is where you will enter the 1099-NEC income information.
  • At the screen Here's your info, scroll down the expenses and click Add expenses for this work.
  • Follow the directions to enter the expense.

@dontliketaxes 

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