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I was a W-2 employee for a company and received a 1099-NEC in addition to my W2 for a bonus, how can I report this?
Hello,
As the title states, I received a 1099-NEC in addition to my W2 for a $1,000 bonus I received from a company I no longer work at. (The EIN on both my W2 and 1099-NEC are exactly the same) I haven't yet submitted my return since I'm not exactly sure how to file this. If I try to file it as a 1099-NEC, the software asks me to fill out a Sch. C and put in information about my "business." I do not own a business, on top of this TurboTax wants to give me a Qualified Business Income Deduction which I know isn't correct. How do I go about filing this? I understand that with a 1099-NEC I would be responsible for paying the tax that my employer would have paid if it was reported as wage income on my W2, on top of paying my half. I don't particularly care about paying the whole thing as it was for a bonus, however I don't want to go about this in a way where I'd screw myself up somehow.
Thank you.