Should I be plugging in other unrelated 1099 IC income into my QB I use for my sole proprietor business?


Thanks for reaching out to us, rosscluver67,

I’d be happy to help and share information about transactions in QuickBooks Self-Employed.

QuickBooks Self-Employed focused on Federal Estimated Taxes and Self-Employment Taxes. We calculate your estimated taxes out from the business-related transactions that you have entered in the system.

If a transaction is related to your business then you can tag the type as a business since business transactions are part of the calculations for estimated taxes, so it should include money that comes from your self-employed work.

As to categorizing transactions, you may wish to consult your accountant to ensure what category to use.

If you have further questions adding transactions in QuickBooks Self-Employed, you are always welcome to come back in. I’d be happy to answer it for you.

Was this answer helpful? Yes No
Default user avatars original
Employee SuperUser

No answers have been posted

More Actions

People come to QuickBooks Learn & Support for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach:

Qb community
Looking for advice from other business owners?

Visit our QuickBooks Community site.