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Business & farm
I just figured this out! now I realized that I did it wrong on last years taxes and I should have gotten more money back. Ugh.
Report it on 1099 MISC form not 1099 NEC. Put the amount in box 3 of 1099 MISC. I had to read the back of the paperwork the State sent about 100 times and read forums to figure this stinking thing out. But my return went higher after I entered it in 1099MISC instead of the 1099NEC category which wanted me to create a Schedule C for a non existent self employment business. Making a note for next year in case we get this again.
‎February 10, 2024
8:50 AM