- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Did you get a 1099 @Basement_Buzzard? TurboTax will take you to Schedule C unless you tell TurboTax "This is not money earned as an employee or self-employed individual, it is from a sporadic activity or hobby (this is not common)" in the 1099-NEC section.
If you are reporting hobby income, you do enter your income and expenses directly without entering a 1099:
- Type "hobby income, loss" in Search in the upper right
- Select "Jump to hobby income, loss"
- Say YES to Do you have hobby income or expenses for 2021?
- Enter you hobby income and expenses
You can no longer deduct hobby expenses on your federal return, but those expenses will carry over to state, in case you state allows a deduction.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 27, 2022
1:03 PM