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@Driddlespriger THANK YOU!!!
How do I ask a question? I have a 1099-NEC for a law suit settlement. The answer in this article does not apply
According to ErnieS0 in his awesome Turbo Tax post this is how to post.
To exempt your 1099-NEC from self-employment tax:
Selecting expenses will generate self-employment tax.
DaveF1006,
Thanks for the reply! However...
1. Selecting None of these apply to me is not accurate because this IS a settlement from a lawsuit.
2. If I do select None of these apply to me I do not get the Guess What? You can deduct expenses so I never see the option to select I don’t have expenses related to this income
In TurboTax Online:
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