turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

nkuc
New Member

How to file a 1099-NEC received for participating in a medical research study?

I got a 1099-NEC for participating in a medical research study. I'm having a lot of trouble filing this, as it's being considered self-employment income, taking me to some Schedule C for business....I'm so confused. I reached out to the facility doing the research / who issued the 1099, but they were not able to provide any guidance. How do I file this?

 

This is my first time receiving one of these and also the first time filing taxes myself, so while I'm normally already cautious to make sure my taxes are done perfectly, I'm extra extra paranoid to not make a mistake. Any help is greatly appreciated!! 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
MindyB
Employee Tax Expert

How to file a 1099-NEC received for participating in a medical research study?

After you have navigated to the 1099-NEC input area, and chosen to add a 1099-NEC, you will be asked  "What type of income is on your 1099-NEC?"  Choose "Hobby Income" This will report the income as "other income" on your 1040.

rjs
Level 15
Level 15

How to file a 1099-NEC received for participating in a medical research study?

The facility reported the payment incorrectly. Payment for participating in a medical research study is supposed to be reported on Form 1099-MISC, in box 3, not on Form 1099-NEC.


The simplest thing for you to do is enter it in TurboTax as follows.

  • Go to Federal Taxes > Wages & Income > Income from Form 1099-NEC.
  • Enter the information from the 1099-NEC: the payer's name, federal ID number (TIN on the form), and the amount of the payment in box 1.
  • The next screen says "Describe the reason for this 1099-NEC." It doesn't matter what you enter. The description doesn't go on your tax return.
  • The next screen asks "Does one of these uncommon situations apply?" Select "This is not money earned as an employee or self-employed individual, it is from a sporadic activity or hobby."

The income will be reported as other income on Schedule 1 line 8z.

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question