Instructions for Direct Input Software:
When a reporting form is calculated to a Schedule, always begin with the Schedule and link to the reporting form.
- Navigate to the Schedule C summary and either "EDIT" the already created Schedule C or choose to "ADD" a Schedule C.
- Once you have completed the general business information, click the link for Form 1099-MISC on Line 1.
- The software will bring you to the 1099-MISC Summary. Click to "ADD" a Form 1099-MISC.
- After completing the needed lines with the form, navigate to the "Reporting Section" at the bottom of the page.
- Click "Pick from List" next to the highlighted line number.
- Select the appropriate Schedule and choose "Use" at the bottom of the pop up window.
- Save the 1099-MISC Screen. The amount will now show as calculated for Schedule C, Line 1 income.
Instructions for Interview Input Software:
- From the Income Tab, navigate to Miscellaneous Income - 1099-MISC.
- Choose to "Add" 1099-MISC Income
- Enter all needed line information within the 1099-MISC form and click "Save & Continue Return" on the bottom right of the page.
- The software will prompt you to indicate which reporting Schedule/Form this income will report to. Choose the form and click "Save & Continue Return" at the bottom right of the page.
- Verify the business name of the reporting schedule or to "ADD" a new schedule if one has not yet been created. Make the indication and click "Save & Continue Return" at the bottom right of the page.
- The software will pull the calculation to your reporting schedule.