- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Per the IRS website, "If you're not an employee of the payer, and you're not in a self-employed trade or business, you should report the income on line 8j of Schedule 1 (Form 1040), Additional Income and Adjustments to Income and any allowable expenses on Schedule A (Form 1040), Itemized Deductions. Refer to Not for Profit Activities in Chapter 1 of Publication 535, Business Expenses for allowable nonbusiness expenses."
That's exactly my situation. The money listed on my 1099-NEC was "Activity not engaged in for profit income" and I'd like Turbotax to populate 8j on my 1040. I just can't figure out what trail to follow. And if I list it as 8z income, I can't find a way to fill out the box for the type of income. From what I can tell, it won't change my tax situation (all line 8 income goes to the same place?), but I'd still like TurboTax to file my information correctly. I tried to get help with an agent, but she couldn't tell me how to populate box 8j.