AliciaP1
Expert Alumni

Get your taxes done using TurboTax

You just need to correctly report your income from self-employment.  If the 1099-NEC is less than the amount of income you report, the IRS will not flag your return or investigate.  It is a natural assumption that you made additional income from another source that wasn't required to report it on a form.

 

You can see How do I report income from self-employment? and What self-employed expenses can I deduct? to be sure you are reporting the best situation for your business.

 

@nnbb7 

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