MarilynG1
Expert Alumni

Education

Yes, if you received a 1099-NEC, you report it as Self-Employment income on Schedule C (the IRS has a copy).

 

Click this link for info on Form 1099-NEC.

 

To report your income/expenses, type 'schedule c' in the Search area, then click on 'Jump to schedule c'.

 

Report your 1099-NEC as Business Income, then enter your corresponding Business Expenses against the income. If they are equal to or greater than the amount on your 1099-NEC, you will not have taxable Business Income.  Save your receipts.

 

This article gives detailed info on Reporting Business Income and Expenses

 

 

 

 

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