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milesk838
New Member

I have filed a 1099-NEC, I was considered an ind. contractor. At the very end of the taxes it's having me fill out a Schedule C, why? I don't have my own company.

 
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3 Replies

I have filed a 1099-NEC, I was considered an ind. contractor. At the very end of the taxes it's having me fill out a Schedule C, why? I don't have my own company.

why

 

Independent contractor must file Schedule C and Schedule SE

milesk838
New Member

I have filed a 1099-NEC, I was considered an ind. contractor. At the very end of the taxes it's having me fill out a Schedule C, why? I don't have my own company.

How do I fill the information out that it’s requesting? I don’t have a business name or anything like that? 

LenaH
Employee Tax Expert

I have filed a 1099-NEC, I was considered an ind. contractor. At the very end of the taxes it's having me fill out a Schedule C, why? I don't have my own company.

For tax purposes, self-employment income includes any part-time business or "side work" performed in which you are in business for yourself, rather than another person. You are also considered self-employed and need to file a Schedule C if you engage in business-like activities where you intend to make a profit.  

 

To set up your business on a Schedule C:

  1. Open your return.
  2. Search for schedule c and click the Jump to link in the search results.
  3. Answer Yes to Did you have any self-employment income or expenses?
  4. Follow the on-screen instructions.
  5. On the page titled, Your info, scroll to the bottom and click Looks Good.
  6. Click on Form 1099-NEC on the page Let’s enter your income.
  7. Click continue.
  8. Follow the on-screen instructions.
  9. Enter any relevant expenses to your business. 

 

For more information on entering business expenses, please see Where do I enter my self-employment business expenses, like home office, vehicle mileage, and suppli...

 

@milesk838

 

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