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1099-NEC
My husband sells cars and the car manufacturer offers incentives that load to a debit card on certain models he sells. In the past he received 1099-MISC but this year he received a 1099-NEC which is requiring a Schedule C. It was for $1225.00 over the course of 2020. We purchased TurboTax Home and Business. I'm getting several errors on the Schedule C and am not sure how to answer.
1) is it a qualified business under section 199A
I'm also struggling with what entries to make in Section A-F, since he is not self-employed but rather works for an automobile dealer and receives salary from them.
Any help is appreciated. Thanks!
‎April 26, 2021
8:48 PM