How can I get the total dollars shown on my 1099-NEC to show up on the summary Of Income and Expenses?

Forum|Forum|5 years ago
February 21, 2021
3 replies
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I have entered it numerous times and it still keeps showing $0.00. Also the self-employment income and expenses can't be correct.

TurboTax Self Employed Online

JohnB5677

Both the 1099-NEC and the MISC will be reported under a schedule C business entity.

Income and Expenses
Self-employment income and expenses
Continue through the interview.
Once your business data is complete select Looks Good at the bottom of the page.
Let's enter the income for your Tax preparation work
The 1099-NEC is listed under income
The 1099-MISC is under Less Common Income
Again continue through the interview and you will be able to enter Expenses.

If you've done that there may be something corrupted in the 1099-NEC.

There are two ways to clear entries from your return.

The first thing to try is to go into the section that has the form (Less Common Income)

select the entry that you want to clear.
On the right hand side there is a trash can.
Select the trash can and confirm you want to delete that form.

To Delete a form:

On the menu bar on the left that shows.
1. My Info
2. Federal
3. State
4. Review
5. File
Select Tax Tools
On the drop down select Tools
On the Pop-Up menu select Delete a Form
This will give you all of the forms in your return
Scroll down to the form you want to delete
Select the Form
Click on Delete.
Always use extreme caution when deleting from your tax return. There could be unintended consequences.

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B_T007

If I understand you correctly, it will $0 under the Income Summary section but will be captured on Schedule C. Is that correct? It is disconcerting beccause it looks like I am not reporting income.

JeffreyR77

No, that is not correct. The Form 1099-NEC should only be entered once. The information will show in both the self-employment section and in the 1099-NEC summary section. With it showing $0 is not correct. You should be able to enter the amount in the 1099-NEC section and see the amount in both sections.

jmullen13

I think I understand what you were asking. I believe I'm having the same issue. Did you ever get this resolved? I have entered my 1099-NEC. On the summary page it shows $0 but when I click to edit, it shows the entry inside. I question this because my 2019 data is sitting right next to it and it shows the amount from 2019, so I know there should be a total in the summary. Do I have to go all the way through the Schedule C questions with expenses before it will show up? Thank you.

Critter-3

That form is entered on the Sch C in the income section but the summary will only show the net gain or loss so do you have a zero bottom line on the Sch C ?

KCCCo

Same here! Help! Says $0 on summary. Is populated with dollar amount when I click on it. What’s up??

Vanessa A

The summary screen sometimes will show $0 if you did not complete your entries or if you had expenses that brought your income down to a certain level and then had a home office or health insurance deduction that reduced your income to $0. If this is not the case for your, then you can look at your 1040 form to be sure they are there correctly. Income from your 1099-NEC will show on your Schedule 1 and then on your 1040 line 8.

You can also see the amounts entered or being reported using forms mode in TurboTax Desktop or if you are using TurboTax online by clicking the following:

Tax Tools
Tools
View Tax Summary
Preview My 1040

The summary screen, although a helpful tool, does not affect what is reported on your return, so looking at your return itself will give you the information you need.

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