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Business & farm
If they sent you a 1099-NEC using your Social Security #,, you need to report it on a Schedule C as part of your personal tax return. Report the $30,000 of income, and then report $30,000 of expense. Your net income will be $0.00. You will need to use TurboTax Self-Employed in order to report the Schedule C expenses. If they used a business tax ID on the 1099-NEC, then just report $30,000 of revenue, and an offsetting $30,000 expense on your business return. It will be a wash.
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March 12, 2023
7:07 PM