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Business

Do I put 1099 NEC income from being self employed,1099 NEC, as business or personal Income?

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3 Replies
MinhT1
Expert Alumni

Business

Form 1099-NEC reports your self-employed income. When you are self-employed, you are considered by the IRS as operating a business. So the income reported on form 1099-NEC is considered as business income.

 

Please read this TurboTax article on How to file Taxes with Form 1099-NEC.

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Business

Yes, but do I put the income under personal or business income topic? Also looking to include equipment expenses, where does that go? I see other types of expenses, but not for that.

Business

If you are using the HOME & BUSINESS version then it is entered in the BUSINESS tab on the Sch C section.  All  SE income and expenses are entered ONLY in that place.   Equipment with a useful life of more than one year are called ASSETS and are entered as such.  

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