CatinaT1
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Get your taxes done using TurboTax

They will each need to file their own returns. Since you are claiming them as dependents, you will want to make sure they check the box for someone is claiming them as a dependent.

 

A 1099-NEC is for non-employee compensation.  They will enter this as self-employment income on Schedule C and pay SE taxes.  They may also enter any expenses related to their work to reduce their income. 

 

To file a Schedule C, here are the steps: 

  1. Sign in to your account and select Pick up where you left off 
  2. At the right upper corner, in the search box, type in schedule C and Enter  
  3. Select Jump to schedule C  
  4. Follow prompts

Since they are filing a return, they should enter their ssa-1099 as well, but that will not be taxed.

 

These links may be helpful to you: 

Self-Employed Tax Center  

Tax information for Businesses  

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