Pro Online: Adding 1099-MISC Income to an existing Schedule C

Scenario:  A schedule C has already been created for the taxpayer or spouse and you want to add additional income to the existing schedule C.

Example of existing Schedule C assigned to the Taxpayer

0109-existing-schedule-c

Next:  Add a 1099-Misc for the Taxpayer with a $ value in Box 7:  non employee compensation and click Contine

0109-1099-misc

You will be presented with Where would you like to add the income?

0109-where-to-add-income

Options:

(1) Click Edit to add the income to an existing Schedule C. (Will add to the Income of the existing C)

(2) Click Create a New Schedule C income from business (Will add the income to a new Schedule C)

 

Blog Posted 01/09/2017  9:49 PM EST

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