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1099-NEC Sign on Bonus
I work in NY and received a 1099-NEC for tax year 2020 as a sign on bonus for a job I am taking in NC in tax year 2021.
How do I report that? Turbo tax is classifying it as a sole proprietor business requiring a schedule C. Is this the correct way to report it?
On the Nonemployee Compensation Worksheet could I just check "other income" and complete a schedule C?
March 20, 2021
12:43 PM