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Get your taxes done using TurboTax
I assume the Form 1099-NEC reports income equal to the discount you received on the purchase of the stock. If so, you enter the Form 1099-NEC in the Wage and Income section of TurboTax, then 1099-Misc and Other Common Income, then Income from Form 1099-NEC. Indicate that the income was not related to your job, it was not earned in the prior or next year and you did not have a profit motive associated with it. Then it will be treated as "other income" as opposed to self-employment income.
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‎April 7, 2025
9:34 AM