Friday, July 31, 2009

My question is when we fill out the schedule C it adds the 1099 income twice. Is this correct?

The program is adding the income from our 1099 and schedule C....so it's doubled?

My question is when we fill out the schedule C it adds the 1099 income twice. Is this correct?
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.
Reply:TFTP Report It

Reply:that's not correct
Reply:Where are you putting the 1099 in twice? It should only go in once on your receipts line 1.
Reply: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.

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