The university has treated you as an independent contractor by issuing you a Form 1099-NEC. You should report the income and any allowable expenses on Schedule C. TurboTax would then calculate self-employment tax on any net profit of $400 or more. The self-employment tax would add to your Social Security account for your future retirement. The IRS information return matching program will look for the Form 1099-NEC to be reported on a tax return.
See this article and this IRS webpage for more information on this topic.
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