DeanM15
Expert Alumni

Get your taxes done using TurboTax

I would run through the entry questions for the 1099MISC again. 

 

When you run through the questions, you will come to a question about whether you intended to make money. If you did intend to make money, then it will tax your money as a business and apply the Self-Employment Tax. You can then deduct your expenses if you have any. If you did not intend to make money, then the program will just add the income as ordinary income with no Self Employment Tax.

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