Self employed

Bsch4477 · ‎April 4, 2023

Go to federal>income and expenses>all income>>show more
Go to other common income> StartForm 1099-NEC>Start
The first screen will ask for a description. Here indicate this is for a legal settlement.
Next screen. Does one of these uncommon situations apply? Indicate this is from sporadic activity or hobby (this is not common).
Finish the section
This will now be listed as other income but will not be classified as Self-Employment income nor will you be charged FICA taxes.