- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
You probably received a 1099-NEC form containing your taxable income for your products. That income is subject to 15.3 percent of self employment tax even though you don’t have a regular income tax liability.
You can avoid that tax if you consider that income a hobby by reporting it as other income instead of self employment income in the program.
November 17, 2024
6:58 PM
7,907 Views