Since you received a 1099-Misc and say it is for your contract work, it sounds as if you are self employed. In this case you need to file a schedule C. This is where you will report your income and all expenses associated with earning that income.
To file a Schedule C, here are the steps:
- Sign in to your account and select Pick up where you left off
- At the right upper corner, in the search box, type in schedule C and Enter
- Select Jump to schedule C
- Follow prompts, you might be prompted to an upgrade if you have expenses
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