JamesG1
Expert Alumni

Get your taxes done using TurboTax

Will the income be reported as self-employment income on a Schedule C Profit and Loss From Business?

 

If so, report the income within the self-employment activity rather than outside of the self-employment activity.

 

In TurboTax Premier Online, report the IRS form 1099-NEC as follows:

 

  • Down the left side of the screen, click Federal.
  • Down the left side of the screen, click Wages & Income.
  • Click on the drop down arrow to the right of Self-employment.
  • Click to the right of Self-employment income and expenses.
  • At the screen Your 2024 self-employed work summary, click Edit.
  • At the screen Here's your info, select Add income for this work.
  • Select Form 1099-NEC and report the income.

If you have the same EIN issues, select Other self-employed income to report the income.

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