The program is adding the income from our 1099 and schedule C....so it's doubled?
2007-03-23 08:49:06 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
No, that's not correct. However, it sounds like you're recording the 1099 income on the "Other Income" line you your Form 1040. Do NOT put it there! Only list it on Schedule C.
2007-03-23 10:14:00 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
What program? Turbo Tax had a bug where it was showing the income from the 1099 twice, but it was actually only added in once. The latest updates fixed it. I encountered that problem.
2007-03-23 09:33:10 · answer #2 · answered by CarVolunteer 6 · 1⤊ 0⤋
Where are you putting the 1099 in twice? It should only go in once on your receipts line 1.
2007-03-23 08:56:16 · answer #3 · answered by R Worth 4 · 1⤊ 0⤋
that's not correct
2007-03-23 08:53:27 · answer #4 · answered by Anonymous · 0⤊ 2⤋