Run Your 1099 Tracker and Export to Schedule C

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1099 Tracker #

Open 1099 Tracker from the Tax Planning section. A SmartScope badge sits in the toolbar. A year picker at the top (menu-style) lets you view any of the last four tax years — it defaults to the prior year during January through April, and the current year the rest of the time.

Reading the summary #

The Summary section shows two numbers: how many 1099-NEC forms you’re expecting this year and the total dollar amount across all qualifying clients. On the right, a counter tracks how many you’ve actually received. When all forms are marked received, the counter turns green. A progress bar fills in as you mark forms received.

If the January 31 IRS deadline has passed and forms are still missing, an orange “Jan 31 deadline passed” label appears. Any client who hasn’t sent their form yet also shows “Missing — Jan 31 deadline passed” in their row.

Expecting a 1099-NEC #

The Expect a 1099-NEC section lists every client who paid you $600 or more in fully paid, closed jobs during the selected year. The footer explains: “Clients who paid you $600 or more must send a 1099-NEC by January 31.” Each row shows the client name, total paid, and number of jobs. When the deadline has passed and a form hasn’t arrived, the client name turns orange.

Tap the toggle on the right of a row to mark a form received. The icon updates to a green checkmark. Late, unreceived forms show an orange triangle. All data is saved per client per tax year.

Below the $600 threshold #

Clients who paid you less than $600 appear in the Below $600 Threshold section. The footer confirms: “No 1099-NEC required for these clients.” These rows are greyed out — informational only.

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QBI Deduction (Section 199A) #

The Qualified Business Income (QBI) deduction — Section 199A — lets eligible sole proprietors deduct up to 20% of qualified business income from federal taxable income. In PriceRight Pro, toggle on QBI Deduction (Sec. 199A) in the Advanced Options section of the Tax & Profit calculator. This is a Standard plan feature. When enabled, the deduction is factored into your tax calculation automatically. Consult your CPA to confirm you qualify before applying it.

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Profit & Loss export #

Open Profit & Loss from the Tax Planning section. Choose a report period from the picker:

• Previous Tax Year — full prior year (most useful for your accountant at filing time)
• Current Year to Date — January 1 to today
• Q1 (Jan – Mar), Q2 (Apr – Jun), Q3 (Jul – Sep), Q4 (Oct – Dec) — individual quarters

For year-specific periods, a year picker narrows the report to the right tax year. A calendar icon shows the exact date range your selection covers.

The Export section shows a preview of what will be included: expense count and total, and mileage trip count and deduction amount. When you’re ready, tap Generate & Share PDF. The PDF generates in the background — a progress indicator shows “Generating…” while it runs. When complete, the iOS share sheet opens.

The footer describes what you get: “Generates a 1–2 page PDF P&L statement you can share with your accountant or lender.” The PDF header uses your business name, EIN, and address from your Tax Business Profile. Email it to your CPA, save it to Files, or AirDrop it to your laptop.

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Schedule C mapping #

Every expense category in PriceRight Pro maps to a Schedule C line on your federal tax return. When you hand your Profit & Loss PDF to your accountant alongside your expense export (see Export Your Books to FreshBooks or QuickBooks), the category breakdown they receive already matches Schedule C categories — Materials, Advertising, Insurance, Utilities, Repairs, Professional Fees, and so on. Your accountant doesn’t need to re-sort your spending; it arrives organized.

• Part 1: Set Up Quarterly Tax Estimates →
• Part 2: Track Home Office and Vehicle Deductions →
• Export Your Books to FreshBooks or QuickBooks →