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1099 NEC
I received a 1099 NEC from my university for participation in a summer scholars research program. I worked 40 hours a week for several weeks during the summer until the program ended. The university called it a stipend and there were no taxes or FICA taken out. One of the Turbo Tax questions when I select that I have a 1099 NEC asks “Does one of these uncommon situations apply.” If I answer “This is not money earned as an employee or self employed individual, it is sporadic activity or a hobby” then I don’t have to pay FICA. If I answer “none of these apply to me” I have to fill out schedule C and do have to pay FICA. None of the schedule C questions seem relevant as I don’t own a business. Any advice on how to answer this question?
April 12, 2024
5:00 AM