Question

2022 amounts for 1099-NEC Income and 1099-K Income are not being displayed. Why?

Forum|Forum|2 years ago
March 16, 2024
1 reply
0 views

...and yet, the 2022 amount for Business Income (the summary of my NEC and K forms) is displayed on the page showing the Profile, Income, Expenses, Assets, etc. for 2022 and 2023. So, TT knows what values were entered last year, but doesn't know how to display the components separately in the page listing the various Business Income components.

TurboTax Home & Biz Windows

DawnC

Have you been through the Review section yet? The totals might still be showing on the Personal Income section before you do a review. Check Other Common Info. Or, click on Edit/Update next to Business Income to see the details of your business income. The details will show on either the personal income or business income summaries.

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1

1040xwhoopsAuthor

DawnC, thanks for participating. I'm not questioning whether the 2023 entries are appearing. I'm questioning why the 2022 entries from .tax2022 are not appearing in the 2022 column of .tax2023 just before I "Start" the input of the 2023 values.

J

JamesG1

We are not able to see your screen or your 2022 IRS form 1040 tax return to know for sure. But here are some thoughts.

Both IRS form 1040-NEC and IRS form 1099-K report a revenue stream but the revenue stream can flow to different places and report different types of income.

Both forms can report self-employment income, rental income and farm income. Are the revenue streams reported there in 2022?

IRS form 1099-K can flow to the IRS form 8949 / Schedule D. Is the revenue stream reported there in 2022?

IRS form 1099-K can report hobby income to Schedule 1 / Other income. In this instance, I suspect that the revenue stream will be reported to the right of IRS form 1099-K.

IRS form 1099-NEC can report some versions of Schedule 1 / Other income. Again, I suspect that the revenue stream will be reported to the right of the IRS form 1099-NEC.

Perhaps these are examples of what you are seeing.

@1040xwhoops

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