This is self-employment income.
According to Directors’ fees in 2021 Instructions for Forms 1099-MISC and 1099-NEC, the payer of the income “must report directors' fees and other remuneration, including payments made after retirement, on Form 1099-NEC in the year paid. Report them in box 1.”
Amounts reported in box 1 of Form 1099-NEC are considered to be nonemployee compensation – that is, self-employment income.
To report Form 1099-NEC for self-employed income in TurboTax:
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Open or continue your return
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Search for self employed income (use this exact phrase, don't add a hyphen) and select the Jump to link at the top of the search results
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Answer Yes on the Did you have any self-employment income or expenses? screen. If you land on the Your 2021 self-employed work summary page, select Review next to the work you're adding income for
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Answer the questions on the following screens until you arrive at Let's enter the income for your work
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Select the form that applies to your situation and Continue
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You can enter the info from your 1099 form on the following screens
