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Get your taxes done using TurboTax
So you will not report this as income from self-employment since it is not for any work you are doing and it is purely supplemental. To report this income select the following:
- Income
- Scroll down and click Show More next to Less Common Income
- Click start next to Miscellaneous Income
- Continue through to where you see "Any other taxable income"
- Enter your other taxable income and the description
- Then continue
You can also delete the schedule C by clicking Tax Tools>>Tools>>Delete a form and clicking delete next to the Schedule C
You should keep the 1099-NEC with your tax records as you will not be entering that form specifically on your return, but you will still account for the income on your return.
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March 22, 2022
9:52 AM