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Retirement tax questions
There were no prompts in TT for items 5-7 in your response. There was a screen that asks: "What type of income is on your 1099-NEC?" None of the options listed apply to my situation. On the back of Form 1099-NEC, it says that if you are not an employee, it is income from a sporadic activity or a hobby. One of the options does list "Hobby," but that seems like an inaccurate choice. Do you think that since nothing else apples, "Hobby" would be the appropriate selection?
March 20, 2025
3:16 PM