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Business & farm
Based on your description, you may be able to reported it as other miscellaneous income, as opposed to self-employment income.
You should enter your form 1099-NEC in the Other Common Income section of TurboTax and then Income from form 1099-NEC. The income will be taxed appropriately based on your answer to questions in that section. You will see a screen that says Does one of these uncommon situations apply? If you check the question that says This in not money earned as an employee or self-employed individual, it is from a sporadic activity or hobby, it will appear as miscellaneous income on your tax return.
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March 14, 2022
5:11 PM