MinhT1
Expert Alumni

Retirement tax questions

If you receive a form 1099-NEC for a retirement Christmas bonus, then you are not considered as self-employed and do not need to file a Schedule C.

 

Enter your form 1099-NEC by following the instructions in this TurboTax Help article.

 

In the follow-up interview, on the page titled What type of income is on your 1099-NEC? reply that it is a Hobby.

 

The income will be reported as Other Income. There is no self-employment tax.

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