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chris_clayton196
Returning Member

How do I file taxes on a 1099NEC when no taxes have been taken out. He had a non income compensation of 2,880.00

 
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6 Replies
chris_clayton196
Returning Member

How do I file taxes on a 1099NEC when no taxes have been taken out. He had a non income compensation of 2,880.00

How do I file taxes on a 1099NEC When no taxes have been taken out. It was 2,880.00 Nonemployee compensation,????

chris_clayton196
Returning Member

How do I file taxes on a 1099NEC when no taxes have been taken out. He had a non income compensation of 2,880.00

What does cheers mean?

chris_clayton196
Returning Member

How do I file taxes on a 1099NEC when no taxes have been taken out. He had a non income compensation of 2,880.00

Does he even have to file taxes?

How do I file taxes on a 1099NEC when no taxes have been taken out. He had a non income compensation of 2,880.00

That is self employment income.

To report your self employment income you will fill out schedule C in your personal 1040 tax return and pay SE self employment Tax.  You can enter Self Employment Income into Online Deluxe or Premier but if you have any expenses you will have to upgrade to the Self Employed version.  How to enter self employment income

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...

chris_clayton196
Returning Member

How do I file taxes on a 1099NEC when no taxes have been taken out. He had a non income compensation of 2,880.00

He doesn't want to go to self employment because this is all he has done for the last year. He is filing for disability.  Does he even have to file?

How do I file taxes on a 1099NEC when no taxes have been taken out. He had a non income compensation of 2,880.00

Yes.  Sorry that is self employment income and he has to file a return for it and pay the self employment tax on it.

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