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@JamesG1 wrote:

Reporting 1099-NEC income as something other than Schedule C income is not common.

 

However, to report 1099-NEC information as hobby income or other income follow these steps:

 

  • Select Federal from the left side menu.
  • Click on Wages & Income.
  • Scroll down to Other Common Income.  Click Show more.
  • Click Start / Revisit to the right of 1099-NEC.
  • At the screen Describe the reason for this 1099-NEC, enter the reason for this income.
  • At 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.

The entry will be reported:

 

  • on line 8j of Schedule 1 of the Federal 1040 tax return, and 
  • on line 8 of the Federal 1040 tax return.

@MMartin4 


when i do report as hobby, do i pay Self employment Taxes? how are the taxes calculated?

based on ordinary income tax bracket?