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Get your taxes done using TurboTax
You would choose the last answer: None of these apply to me. A Schedule C is required to report the Board of Director fees. You can deduct any expenses associated with the Board of Directors work that you did such as mileage or office expenses. '
See @JohnW152 above who cited the instructions for 1099-MISC and 1099-NEC about the taxable income for Board of Directors Fees. If you received a 1099-NEC with an amount in Box 1, then it is self-employment reported on Schedule C.
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‎February 23, 2023
5:45 PM