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jammis1
New Member

what form must I use

my wife works with beachbody, LLC. she recieved a form 1099 NEC. BOX ONE states she made $1,238.. do i need to use tur tax business? no other box had any content but state info (PA).  I know we owe taxes taxes.  thanks in advance    

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1 Reply
LenaH
Employee Tax Expert

what form must I use

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.  This would include money received working for Beachbody, LLC.

 

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 the 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...

 

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