Adding miscellaneous income (did not earn enough this year to receive a 1099-NEC)

[holtm70]

Hi there everyone, I followed these tips yet I am wondering if I can do so while listing item deductions on there. Would I be able to using this method?: 

If you did not receive a 1099-misc or W-2, then you can r...

Let's say I pick the "Other self-employed income" option, it will have me enter electronic payments as an option. Technically, this is the case since I used a cashout method for instant payments, and For work such as Instacart, would this be the best option?

Following the advice from the original question link above, technically I should choose the Uncommon Income section, yet the examples mentioned don't apply. 

If I pick the "Form 1099-MISC" option, which on the original screen w/out adding deductions I could report income with, on the after-deductions screen it still has me enter form info. Let me know what you think I should choose.

[holtm70]

@RogerD1 Thanks for your response, I have given some more context in this thread.

[RogerD1]

No, for you the best option will be to file a Schedule C Profit or Loss from business as it sounds as though you are part of the "gig economy" with Instacart.  That additional information your provided was helpful.

Instacart should issue you a 1099-NEC if you received $600 or more in payments from them.  If you are a gig worker with Instacart, you should file a Schedule C Profit or Loss from Business.  You can start in the Self-Employment section of TurboTax in the Wages & Income section.  Even if you did not get a 1099-NEC (or any other tax from) from Instacart, you need to report this income on a tax return to the IRS provided that income is $400 or more.

As a self-employed individual, you are allowed to (and expected to) take deductions related to that business.  As a delivery driver, your main expense is going to be car mileage that you rack up from making deliveries from stores to customers.  It's in your best interest to track your mileage for deliveries as well as other expenses you may incur as a result of the business.

The following has more information about tax time for gig workers:  Self Employed & Gig Workers