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An easier way to report your 1099-NEC is to report it on a Schedule C and pay the self-employment tax on the bonus. Adding self-employment tax will end up being your portion of Social Security and Medicare on this income that was supposed to be withheld, as if it was paid as a paycheck rather than a lump sum. If you do it this way, you will pay the taxes you would have been required to pay and the IRS cannot come back later on and assess you the tax, plus penalties. 

The IRS classifies bonuses as supplemental wages, along with severance pay, taxable fringe benefits, vacation pay, back pay, and overtime. Supplemental pay is anything other than your regular pay.

Per the IRS, supplemental wages are subject to Social Security and Medicare taxes.  The employer's failure to pay the FUTA tax on these wages will be their fault and not your responsibility. 

To add your 1099-NEC and add it to a Schedule C:

1. Open your return.
2. Search for 1099-NEC with the magnifying glass tool at the top of the page.
3. Click on the Jump to 1099-NEC link at the top of the search results. 
4. Click Add a 1099-NEC.
5. Enter the amounts as shown on your form. 
6. On the page titled Guess what? You can deduct expenses for the example work choose Yes, I have expenses to deduct.
7. On the page titled Self-employed 1099-NEC Income, you can add a new business on this screen.

To confirm your 1099-NEC was linked to your Schedule C, please follow the instructions below:

1. Open your return.
2. Search for Sch C with the magnifying glass tool at the top of the page.
3. Click on the Jump to Sch C link at the top of the search results. 
4. On the page titled Your 2020 self-employed work summary, you should see your 1099-NEC listed with the corresponding amount. 
5. Click review next to the income from your 1099-NEC. 
6. Follow the on-screen instructions on the following pages. 

@speedmeister