I received 1099-NEC for $5800 of non-employee compensation for 2023. Do I need to file income taxes

8bd9cd2c112f — Tue, 10 Feb 2026 09:56:02 GMT

Re: I received 1099-NEC for $5800 of non-employee compensation for 2023. Do I need to file income...

JamesG1 — Wed, 17 Jan 2024 22:57:35 GMT

Yes. Minimum requirements for self-employment income is $400.

Non-employee compensation reported on 1099-NEC is reported as self-employment income.

Reference: TaxBook page 3-7

Re: I received 1099-NEC for $5800 of non-employee compensation for 2023. Do I need to file income taxes

VolvoGirl — Wed, 17 Jan 2024 23:01:37 GMT

A 1099NEC is for self employment income. Yes you are the owner of your own self employment business. You are in business for yourself. Use your own info. The people or company that pays you is your customer or client. You need to fill out schedule C for self employment business income. You are considered to have your own business for it. YOU are the business.

To report your self employment income you will fill out schedule C in your personal 1040 tax return and pay SE self employment Tax. Here's a Schedule C https://www.irs.gov/pub/irs-pdf/f1040sc.pdf

You can enter Self Employment Income into Online Deluxe but if you have any expenses you will have to upgrade to Premium or use any of the Desktop CD/Download programs.

How to enter self employment income

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

topic I received 1099-NEC for $5800 of non-employee compensation for 2023. Do I need to file income taxes in Get your taxes done using TurboTax

I received 1099-NEC for $5800 of non-employee compensation for 2023. Do I need to file income taxes

Re: I received 1099-NEC for $5800 of non-employee compensation for 2023. Do I need to file income...

Re: I received 1099-NEC for $5800 of non-employee compensation for 2023. Do I need to file income taxes