1099 nec

[Kas11027]

My son received a 1099 NEC for lifeguarding.  I'm thinking I have to fill out part C.  When I finish in turbo tax it says he owes 137, but there are 11 things I have to correct like principal business, principal business code, EIN (which I only have their TIN #), business addres (is that the company that hired them and gave them the 1099nec), Accounting method (cash, accrual or other), did he materially participate in the operation of the business,if he accredited the business in 2024, did he make payments that would require a 1099, other not reported income, costs of goods and sales, vehicle information, pension plan costs,  income deduction sheet, ect....How is he supposed to have this information if he doesn't own a business. He worked as a lifeguard at our neighborhood pool and probably only worked about 12 days and earned $966. Why this company who hired and trained him is registering him with a 1099NEC is beyond me, but here we are, and I have no idea how to fill out business information for a 16 year old who has never owned a business. Thanks for any guidance.

[MinhT1]

Income reported in box 1 of form 1099-NEC is self-employed income. You are considered as self-employed and in IRS terms, are operating a business doing what you do to earn the income reported on the form 1099-NEC. You enter your form 1099-NEC in TurboTax and TurboTax will populate a Schedule C after you enter all your information. You can deduct any expenses you paid related to this activity (such as supplies, car expenses, etc.)

Self-employed income is subject to income tax AND self-employment tax (calculated at 15.3% on 92.35% of net self-employed income).

You do not own a business in the common meaning of the word. So in TurboTax answer that you use the cash method, that you do not have an EIN, that you materially participate in the business. You use your own name as the business name and your personal address as the business address. You can use 999999 as your business code.

You’ll need to use TurboTax Deluxe (or TurboTax Online Premium if you have expenses to deduct), or any version of TurboTax CD/Download.

You can read this TurboTax article for more information.