Self-employment Income

Forum|Forum|1 year ago
March 25, 2025
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Hi! If I have two 1099-NECs from the same payer, one under my SSN for the first 10 months of the year when I did not have my business registered in my state (FL), and one under my business's FEIN after I registered my business in the state, do I need to report the income on a separate Schedule C? If yes, do I need to allocate the expenses by months? And how to claim Home Office expenses for both schedules? Thank you!

TurboTax Self Employed Online

SharonD007

No. If you have a Sole proprietorship or single-member LLC, you can enter both 1099-NECs on the same Schedule C. You don't need to allocate your expenses or your home office between the two 1099-NECs.

Refer to the TurboTax Help article What is a 1099-NEC? for navigation instructions.

Review the TurboTax articles Reporting Self-Employment Business Income and Deductions, What self-employed expenses can I deduct? and How do I report income from self-employment?

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Yosly1990Author

Thanks for responding! So, to do it correctly, I need to combine the amounts from both 1099-NECs and enter the information into TurboTax so it creates just one Schedule C, and then report the expenses, right? Should I assign my SSN or FEIN to Schedule C?

SharonD007

Enter your business EIN on the Schedule C. You can enter both 1099-NECs individually and assign both of them to the same Schedule C. It's ok that one of the 1099-NEC has your SSN and the other has your business.

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