Get your taxes done using TurboTax

Your uncle is correct.   When you have income reported on a 1099NEC, you have self-employment income.   If you work as an independent contractor and get even $400 it MUST be reported on a tax return and you have to pay self-employment tax for Social Security and Medicare-----even if you did not earn enough to exceed the $12,400 standard deduction amount.

 

And....you either have to use online Self-Employed or any version of the CD/download software to report self-employment income.   Since you have taken so long, you might have a hard time using online software.   I suggest using the desktop software.  Deluxe will work on a full PC or Mac--not on a mobile device.

 

IF you cannot be claimed as someone else's dependent then you need to use the recovery rebate credit in order to get the 1st and 2nd stimulus payments.

 

The stimulus check is an advance on a credit you can receive on your 2020 tax return.  If something went wrong or you did not get the stimulus check in 2020, you can get it when you file your 2020 return in early 2021

The Recovery Rebate Credit will be found in the FEDERAL REVIEW section. ( you should see "Let's make sure you got the right stimulus amount”)  If you are eligible it will end up on line 30 of your 2020 Form 1040.

 

Make sure that you enter ALL of the stimulus money received for the 1st and 2nd stimulus for yourself, your spouse and your children.

 

https://www.irs.gov/newsroom/economic-impact-payment-information-center-topic-j-reconciling-on-your-...

 

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

 

https://ttlc.intuit.com/questions/2903027-how-do-i-report-income-from-self-employment

 

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

 

https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

 

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

 

(Did you have to purchase your own uniform, special shoes, any equipment, etc.?)

 

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

 

 

 

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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