Amending A Return After Receiving A Late 1099-NEC

[djbrycewilson]

I filed my return and received my refund checks (fed & state) but now I received a 1099-NEC form for consulting work I did for the company I retired from last year.  I don't have a "business" as such, I was just paid for some extra work.  How do I properly amend my taxes?  When I try in TT it's asking for my business ID and acting like I need to have a business.

[Critter-3]

If you have net self employment income of $400 or more you have to file a schedule C in your personal 1040 return for self employment business income...  so technically you DO have a business for tax purposes but you do not need to get/have an EIN ... skip the sections you do not need.

You may get a 1099-NEC   for some of your income but you need to report all your income.  So you need to keep your own good records. Here is some reading material……

IRS information on Self Employment….
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employed-Individuals-Tax-Center 

Publication 463, Travel, Gift, and Car Expenses

 https://www.irs.gov/forms-pubs/about-publication-463

Publication 334, Tax Guide for Small Business
http://www.irs.gov/pub/irs-pdf/p334.pdf 

Publication 535 Business Expenses
http://www.irs.gov/pub/irs-pdf/p535.pdf 

[AnnetteB6]

In the eyes of the IRS, you are considered self-employed if you received a Form 1099-NEC for services performed by you.  So, TurboTax is on the right track.

This means that you do need to include a Schedule C as part of your amended return to report your self-employment income and any associated expenses.  You are not required to have a Federal ID number for Schedule C if that is the business ID you are referring to in your question (as also confirmed by Critter-3).  You will need to specify the type of work that you did so that a business code can be entered on Schedule C.  

Once you start through the process of amending your return, you will need to add Schedule C and Form 1099-NEC.  The following TurboTax help article will guide you through that process:

How do I report income from self-employment?

@djbrycewilson