- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
1099-NEC reimbursement for expenses - not a business or hobby
I received a 1099NEC to reimburse me ($10,280) for an equipment purchase made in the course of public service. (I bought it, they paid me back, exactly)
It is a one-time thing, not even a hobby.
I entered the 1099-NEC and it is now is attributed to income. TurboTax did not attribute it to a Schedule C, so now it is free floating as an income item.
Where do I enter my purchase expense ($10280) to offset the 1099-NEC?
How do I make them match up to net out?
Topics:
‎January 27, 2023
9:40 AM