According to the IRS ruling you have to report amounts on your Form 1099-NEC as self-employed income and pay self-employment taxes on that income. However, you can offset part of the income with expenses. In you case it could be travel expenses, associated with your new job.
To report that income in TurboTax follow these steps:
- Open or continue your return, if you're not already in it.
- Search for 1099-NEC and select the Jump-to link.
- Answer Yes to Did you get a 1099-NEC?
- Enter the info from your form into the corresponding boxes.
You can learn more here:
How to File Taxes with IRS Form 1099-NEC
