I am a 1099 insurance agent. I received $1000. for marketing from a company I represent. The marketing money is NOT included on the 1099-NEC form. Do I list the $1000. as General Business Income?

posted

Connect with an expert

3 Replies

I am a 1099 insurance agent. I received $1000. for marketing from a company I represent. The marketing money is NOT included on the 1099-NEC form. Do I list the $1000. as General Business Income?

Yes. You can include that amount in Gross Receipts or Sales (line 1 of Schedule C).

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I am a 1099 insurance agent. I received $1000. for marketing from a company I represent. The marketing money is NOT included on the 1099-NEC form. Do I list the $1000. as General Business Income?

Thank you for your reply. there is no Gross Receipts or Sales (line 1 of Schedule C). I am on the General Business Income page. If you have income from sales or services that was NOT REPORTED ON forms 1099-NEC, 1099-MISC enter it below.

I am a 1099 insurance agent. I received $1000. for marketing from a company I represent. The marketing money is NOT included on the 1099-NEC form. Do I list the $1000. as General Business Income?

Yes, you'll report the $1,000 as income not reported on Forms 1009-NEC.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Make a post

Manage cookies

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

I am a 1099 insurance agent. I received $1000. for marketing from a company I represent. The marketing money is NOT included on the 1099-NEC form. Do I list the $1000. as General Business Income?

I am a 1099 insurance agent. I received $1000. for marketing from a company I represent. The marketing money is NOT included on the 1099-NEC form. Do I list the $1000. as General Business Income?

I am a 1099 insurance agent. I received $1000. for marketing from a company I represent. The marketing money is NOT included on the 1099-NEC form. Do I list the $1000. as General Business Income?

I am a 1099 insurance agent. I received $1000. for marketing from a company I represent. The marketing money is NOT included on the 1099-NEC form. Do I list the $1000. as General Business Income?

Get more help

Do you have a TurboTax Online account?

I am a 1099 insurance agent. I received $1000. for marketing from a company I represent. The marketing money is NOT included on the 1099-NEC form. Do I list the $1000. as General Business Income?

Do you have an Intuit account?

I am a 1099 insurance agent. I received $1000. for marketing from a company I represent. The marketing money is NOT included on the 1099-NEC form. Do I list the $1000. as General Business Income?

I am a 1099 insurance agent. I received $1000. for marketing from a company I represent. The marketing money is NOT included on the 1099-NEC form. Do I list the $1000. as General Business Income?

I am a 1099 insurance agent. I received $1000. for marketing from a company I represent. The marketing money is NOT included on the 1099-NEC form. Do I list the $1000. as General Business Income?

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert