PatriciaV
Expert Alumni

Get your taxes done using TurboTax

No, the income from Form 1099-NEC and the related expenses should not be reported on Schedule C (Self-Employment). You will need to delete these entries and follow these steps:

 

Open your return and go to Federal >> Wages & Income >> Other Common Income >> Income from Form 1099-NEC. Click Start/Update.

 

Or enter 1099-nec in the Search box located in the upper right of the program screen.  Click on Jump to 1099-nec.

 

  1. On the screen Did you get a 1099-NEC?, click on Yes
  2. On the screen Do You Want to Enter Your 1099-NECs Now?, click on Add a 1099-NEC
  3. On the screen Let's get the info from your 1099-NECenter your information and click Continue
  4. On the screen Describe the reason for this 1099-NECenter a reason and click Continue
  5. On the screen 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 and click Continue.
  6. Repeat these steps (add another 1099-NEC) and enter your total expenses in Box 1 as a negative number.

 

These entries will report the net income on Schedule 1 Line 8z Other Income. The total from Schedule 1 Line 10 flows to Form 1040 Line 8 as ordinary income.

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