Self Employment Income - 1099-NEC - TurboTax

In this video I go through how to report Self-Employment Income from a IRS Form 1099-NEC on TurboTax. This specific video is from 2021 tax year however the software and rules I speak of here still apply.
Please Use Our TurboTax Link: www.tkqlhce.com/click-100683865-11557904?url=https%3A%2F%2Fturbotax.intuit.com%2Flp%2Faff%2F4049%3F%26priorityCode%3D6099000412
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EA Tax Resolutions Website: eataxresolutions.com/?KZread&Video&Self+Employment+Income+-+1099-NEC+-+TurboTax
EA Tax Phone Number: 800-245-0596
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🤵 IRS Offer in Compromise Consultation: calendly.com/anthony-eataxresolutions/tax-meeting
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
#TurboTax #1099-NEC #SelfEmployemntIncome

Пікірлер: 32

  • @eataxresolutions
    @eataxresolutions6 ай бұрын

    Hello Everyone! Just as a reminder if you have a question about TurboTax or filing I will be doing these Live Streams every Monday at 4PM PST. Be sure to stop by and ask your question in chat so I can help you out! If you want to help our channel outplease use TurboTax through our link! Our TurboTax Link: www.tkqlhce.com/click-100683865-11557904?url=https%3A%2F%2Fturbotax.intuit.com%2Flp%2Faff%2F4049%3F%26priorityCode%3D6099000412

  • @chungleandthebims167

    @chungleandthebims167

    3 ай бұрын

    Thank god

  • @SoChillExplores
    @SoChillExplores Жыл бұрын

    Why do we have to pay to file 1099 NEC taxes on Turbotax? Seems unfair when W2s dont have to :(

  • @ChicStrands
    @ChicStrands Жыл бұрын

    This is the only video that’s actually helpful when it comes to Rideshare taxes! All the other “how tos” are nothing but noise. Thank you so much!!! This was very helpful!

  • @kbjr9423

    @kbjr9423

    Жыл бұрын

    L look 0 LL lol loll l look look klllll

  • @AnastasiiaPetrova-sm9mo
    @AnastasiiaPetrova-sm9mo4 ай бұрын

    Thank you very much! I moved to US from Ukraine 2 years ago and this year is my first tax filling year. Your video helped me a lot! Thank you!!!!!

  • @rollingclip4560
    @rollingclip45609 ай бұрын

    My dude you really helped out thank you had people telling me I couldn’t add my rental for apartment but for admen smart man

  • @lospost216_
    @lospost216_10 ай бұрын

    If I have a W-2 & a 1099 should I file them separately?

  • @boico123
    @boico1237 ай бұрын

    Yes this only one is right step by step thank ..

  • @SUNITATHAPA-mn9vs
    @SUNITATHAPA-mn9vs3 ай бұрын

    You saved my time and explained everything in detail,, thank you for your help

  • @mikenice1204
    @mikenice12049 ай бұрын

    is there a section in the desktop download version to put the IP pin in? im only being asked my 2021 agi and the old 5 digit pin that was used in the past and my returns are being rejected

  • @fo4music
    @fo4music Жыл бұрын

    I am curious actually if you don't use turbo tax where does the line 1 info from 1099-K get entered - say if it's a PayPal business related set of payouts -- where do you enter that info? Thanks a lot.

  • @vladimirdiaz8623
    @vladimirdiaz8623 Жыл бұрын

    Hey, thanks for the video. Where in your website can we download your P&L spreadsheet?

  • @TUSHARHii
    @TUSHARHii Жыл бұрын

    Nice topic sir. I am a Freelance tax preparer for us Cpa i want to start on my own can i do returns with only ptin or i need the efin also

  • @Texas_Made_
    @Texas_Made_6 ай бұрын

    Im so confused on how to use turbo tax..i usually go to this lady but i feel she isnt giving me enough back since he hardly puts in my other stuff to write off..i also didnt receive a 1099..just a tax summary sheet😢

  • @srphoto90
    @srphoto904 ай бұрын

    How could 100% of the business be done in the home office if most of it occurs while physically out driving, or in my situation working on location as a freelance photographer? I was told this has to be a smaller percentage because the office is only used for business admin tasks/photo editing while the rest takes place outside the office. It could only be 100% if your job strictly takes place in the home office, that’s why it asks multiple times to confirm your answer.

  • @eataxresolutions

    @eataxresolutions

    4 ай бұрын

    Hey! I will be going over your comment in my upcoming livestream! Hope this helps! If you have any other questions I go live every Monday at 4P.M. PST. kzread.infoSHkqV4_UN90

  • @srphoto90

    @srphoto90

    4 ай бұрын

    @@eataxresolutions Awesome thank you!

  • @VitaliFishman
    @VitaliFishman3 ай бұрын

    Hi, EA Tax Resolution, awesome video where can I find P&L excel Template you are using in the video? Thanks

  • @antzantzantz
    @antzantzantz5 ай бұрын

    I have a single member LLC that was filed in Montana. Am I filing for my LLC any myself It was my first year in business so I'm new to all of this.

  • @eataxresolutions

    @eataxresolutions

    5 ай бұрын

    Hey! I went over your comment in my most recent livestream! Hope this helps! If you have any other questions I go live every Monday at 4P.M. PST. Be sure to stop by and ask your TurboTax Question. kzread.infoozFJYOmHHdI?si=HhgBL-XAL2ic5Q-8&t=2458

  • @funez-
    @funez-4 ай бұрын

    What do I choose to enter Cost of Goods, if I sell on eBay?

  • @eataxresolutions

    @eataxresolutions

    4 ай бұрын

    Hey! I went over your comment in my most recent livestream! Hope this helps! If you have any other questions I go live every Monday at 4P.M. PST. Be sure to stop by and ask your TurboTax Question. The link is time stamped to when I answered your question. kzread.infoeLhffV-zc9s?si=aINSN_Vo0IM5SaU6&t=2350

  • @Oldtownmacanics
    @Oldtownmacanics3 ай бұрын

    What is section c

  • @coreyGOW
    @coreyGOW Жыл бұрын

    Business address is just my address?

  • @lymengkong1539
    @lymengkong15395 ай бұрын

    Can I use these step for fix and flip house expenses?

  • @eataxresolutions

    @eataxresolutions

    4 ай бұрын

    Hey! I will be going over your comment in my upcoming livestream! Hope this helps! If you have any other questions I go live every Monday at 4P.M. PST. kzread.infoSHkqV4_UN90

  • @wufolife
    @wufolife5 ай бұрын

    what if you have an LLC and haven't used it for the year. what is the reporting process?

  • @eataxresolutions

    @eataxresolutions

    5 ай бұрын

    If there is no income, the Federal government does not have any reporting requirements. However different States have different rules. In CA, for example, you would still need to file the annual form 568 and pay the minimum $800 regardless if the LLC generated sales or not.

  • @rollingclip4560
    @rollingclip45609 ай бұрын

    Subscribed🫡