Click on Wages & Income
Scroll down PAST Self-Employment to "Other Common Income"
Click Show more
Scroll down to 1099-MISC
Click Start
Enter the 1099-MISC and answer the interview questions carefully.
If applicable, you should be selecting No, not for work No, not to make money and received only in 2020 if this was not self-employment.
It will be reported as income, but not Self-Employment.
"TRADE OR BUSINESS
A trade or business has been defined as “holding one’s self out to others as engaged in the selling of goods or services.” (Deputy v. du Pont, 308 U.S. 488 (1940), Frankfurter, J., concurring). The Small Business/Self- Employed section of the IRS Web site at www.irs.gov defines it as “an activity carried on for a livelihood or in good faith to make a profit.” Revenue Ruling 58-112 further characterizes a trade or business activity as one that is regular, frequent and continuous. The regularity of activities and transactions and the production of income are important elements. Taxpayers do not need to make a profit to be in a trade or business as long as they are able to earn a profit and have a good-faith motive to do so. They must, moreover, make ongoing efforts to further the interests of the business."
Source
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
