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How should an elected official report a monthly stipend received monthly? I do not receive a salary. I have a 1099NEC.

I have filed in past years without making it a business.
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How should an elected official report a monthly stipend received monthly? I do not receive a salary. I have a 1099NEC.

Follow these steps:

  1. Open TurboTax.
  2. Go to Federal, the Wages & Income.
  3. Scroll down to "Other Common Income."
  4. Select Form-1099-NEC, select Start or Revisit
  5. The next screen, "Do You Want to Enter Your 1099-NECs Now? I select, "Add a 1099-NEC."
  6. The next screen, "Let's get the info from your 1099-NEC.

 

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