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Get your taxes done using TurboTax
These are the things it's asking,
"Qual business inc yes or no"
"1099 reqd yes or no?"
"Line g yes or no?"
"Line f-cash, line f-accrual box, or line f-other box?"
"principal business code?"
The 1099-NEC is Non-Employee Compensation,
so you are considered as Self-Employed, as in a business owner.
"Qual business inc yes or no"
Are you eligible to get the Qualified Business Income Deduction?
"1099 reqd yes or no?"
Did you pay anyone, such as a sub-contractor, $600 or more and need to file a 1099 to them?
"Line g yes or no?"
Did you "materially participate" Yes. You did the work, it is not rental or royalties.
"Line f-cash, line f-accrual box, or line f-other box?"
You use CASH accounting. You recognize income when it is paid to you.
"principal business code?"
Here is a link for you to decide what code to use depending on what service you provide:
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