Skip to main content
February 12, 2023
Question

Why am I being asked to enter information of Schedule C on my 1099-NEC? I have nothing like this on the copy I received?

  • February 12, 2023
  • 1 reply
  • 0 views
This is for real estate sales commission and I have never had to do this in the past.

1 reply

February 12, 2023

Income from real estate commissions reported on Form 1099-NEC is considered self-employment and reportable on Schedule C of your Federal tax return. TurboTax will ask you a series of questions in order to properly set up the Schedule C. You would also report your business expenses on Schedule C.

 

See this tips article from TurboTax for more information pertaining to real estate agents.

 

See this article for more information on reporting small businesses in TurboTax.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
dkiszkaAuthor
February 12, 2023

I have already filled out all of my income and expenses. I am getting a message to enter a value on the last portion when I try and file. If I have already filled out all of the information, why is it not populating on this page?

February 12, 2023

You said 'I am getting a message to enter a value on the last portion when I try and file.'

 

Are you receiving the message when you run Review down the left side of the screen?  What does the message say?

 

Or do you mean something else?  Please clarify.

 

@dkiszka 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"