I play piano background music for adult community weekly social. I receive a 1099-NEC form with income stated. Is this taxable income?

[MindyB]

Yes, the income reported on your 1099-NEC is considered taxable income.

You are required to report this income on your federal tax return, typically using Schedule C. If your total net earnings from self-employment reach $400 or more for the year, you will also be responsible for paying self-employment taxes, which cover Social Security and Medicare. However, you can reduce the amount of tax you owe by deducting business-related expenses, such as the cost of sheet music, piano tuning, or mileage driven to the performances. 

Here is how to enter the 1099-NEC in TurboTax Online:

1. Navigate to Federal > Income > Wages & Income Summary

2. Locate Other Common Income and select to expand

3. Select Start (or revisit) to the right of 1099-NEC

4. Answer Yes, you got a 1099-NEC

5. Complete the interview to report the income

[xmasbaby0 · Accepted solution]

Yes---you have self-employment income.  

SELF EMPLOYMENT INCOME/“side jobs”

If you have self-employment income for which you will pay self-employment tax for Social Security and Medicare,  you will need to use online Premium software or any version of the desktop software download so that you can prepare a Schedule C for your business expenses.

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

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-self-empl...