You'll need to sign in or create an account to connect with an expert.
If it is income from self-employment, then it belongs on Schedule C.
Even if you made very little, if that amount was as little as $433 you owe self-employment tax.
Yes, you should file a Schedule C for the 1099-NEC income.
The type of income is non employee compensation, it is business income. It is therefore subject to self-employment tax and the self-employment tax is calculated from the net profit (1099-NEC minus expenses), as well as the deduction for one half of self-employment tax.
For more information on how to enter the 1099-NEC follow this link: How do I report income from self-employment? Please note the form referenced in this link is 1099-MISC but that has changed to form 1099-NEC.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
genedoc
Level 1
deltabravo
Level 1
mniyyati-gmail-c
New Member
Fredthe9th
New Member
bshortt
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.