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May 23, 2024
Question

Using TT Download for Windows for 2021. I enter amount for 1099-NEC. But the Summary in TT or the 1040 forms mode, show different lower. amt. Why?

  • May 23, 2024
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1 reply

VolvoGirl
Employee
May 23, 2024

Exactly where does it show a lower amount?  The gross 1099NEC amount should be on Schedule C line 1.  Then the Net Profit or loss from Schedule C line 31 shows up on Schedule 1 line 3 which goes to 1040 line 8.  Switch to Forms mode and open Schedule C to check your entries.