RayW7
Expert Alumni

Retirement tax questions

I agree with VolvoGirl however this additional information may be of value to you.

 

You can report this as other income and not be required to complete a Schedule C.  However, if you have expenses it's likely it will be a benefit to complete a Schedule C.

 

Note:

You usually owe taxes on any income you earn. But because self-employment tax wasn't withheld when you were paid for this work, you now owe that tax as well.

 

To report this as Other Income-

In TurboTax go to:

1. Personal Income

2. Other Common Income

3. Income from 1099-NEC

4. Check No, I don't have expenses related to this income

5. follow the prompts and it will be entered as other income.