You will have to report your son's income from Form 1099-NEC on Schedule C. The IRS considers this income as self-employment income. You don't have to name the business, you can use your son's name. The good thing is that you'll be able to deduct reasonable and customary business expenses from that income.
Refer to the TurboTax article What is a 1099-NEC? for navigation instructions.
He will be responsible for self-employment taxes on his net income from Form 1099-NEC. Refer to the TurboTax article? What is the self-employment tax? for more information.
For additional information, refer to the TurboTax Help articles How to File Taxes with IRS Form 1099-NEC, Reporting Self-Employment Business Income and Deductions, and What self-employed expenses can I deduct?
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