rjs
Level 15
Level 15

Retirement tax questions

@gerardo47 

 

Income on a 1099-NEC is self-employment income, not other income. You have to report it as business income. And assuming that the total is more than $432 you will have to pay self-employment tax on it as well as income tax. If you report it as other income you will hear from the IRS.


NCperson assumed that you live in a state that has income tax, and did some contract work in another state that does not have income tax. But it's not clear that that assumption is correct. What state do you live in? What states did you work in? How TurboTax handles the income on your state tax return depends on the answers. We can give you more specific information when we know what states you lived in and worked in.


It's hard to understand your posts because you don't use any punctuation. In future replies, please at least put a period at the end of each sentence, and a question mark at the end of a question.