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Get your taxes done using TurboTax
There are no hobby deductions allowed currently so that is a safe way to sail through if you are not a steady - profitable every year -business. I would recommend you enter it as an NEC since the IRS saw that on your return last year. You can continue the business or switch to hobby.
To enter it as a hobby, follow these steps:
- Open your return to the federal income section.
- Locate income from Form 1099-NEC
- Start/ Edit/ Revisit/ Review
- Select Yes to did you receive NEC
- Select add a 1099 -NEC or edit
- Enter payer, id, and compensation
- Continue
- Reason for NEC -hobby income
- Continue
- Uncommon Situation - select not money as employee or self-employed. Sporadic activity
- Continue
- Done
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3 weeks ago