1099 income

I assume this is income to be reported on Schedule C?

You can create your own categories:subcategories for income and expense. You can then associate the proper tax line assignments for these categories in QW's Category List. There is an extensive list of tax items for Schedule C.

Your assumption is correct...

After reviewing some other stuff online, perhaps I have the wrong Quicken - no Schedule C available.....

Is there a work-around? Or do I have to do the upgrade to Home and Business. I do the business detail stuff (invoices, extimates, etc.) in Quickbooks, but the bank accounts are all in Quicken.

Thanks for your time and patience - I'm an electrician, not an accountant!

You do not need a version with Schedule C. I have done some consulting work and was using Basic version at the time to track income and expenses for input to Schedule C. However, if you are operating a full-time business, there may well be advantages to the H&B version; e.g., invoicing, etc. Am not familiar with H&B.

Back to Sched C issues - Open the 'Category List' in QW. Check the box at the top of the list 'Display tax information'. You will see tax line assignment info on the right half of the screen. Click on the 'Tax Item:' box and scroll down the list - you will find Schedule C items.

Perhaps the easiest way to get started; At the bottom left corner of the category list click on button; 'Add

Select 'Business' from the 'Available Categories' in the pop-up window. This gives you a list of income and expense categories which can be selected and added to the category list. Categories added in this fashion have a tax line assignment. You can go back to the category list to examine these.

Alternatively, you can create your own categories and assign tax items to them. Example; I created an income category 'Consulting' and assigned tax item 'Sched C:Gross receipts or sales' Also created expense category 'Consulting' with subcategories for Travel, Meals, Auto Expense, etc. Assigned the appropriate Sched C tax items to each of these subcategories.

QW's Tax Schedule Report will include a summary of all Sched C income and expenses for entry into the Sched C portion of your tax prep software.

I'm a computer person not an accountant either. However I don't find accounting that difficult to master (well maybe not master but to learn and use). Taxes? They can be a bit tricky but I muddle through them myself anyway. Perhaps you should hire accountant if you feel you can't do it yourself.

I have Quicken Home & Business. AFAICT however the H&B portion only really adds on the ability to do invoicing and the like. IOW I believe that non H&B also allows one to assign Schedule C type categories (or really tax line items to a category). It's the tax preparation software that need to then accept those line items and flow them into the proper Schedule C. Again, IIRC tax software such as TurboTax handles that fine.

In your Quicken, when you edit a category, do you see any Schedule C entries in the Tax Line Item drop down? If so then you simply use them.