If I am a independent contractor with a 1099-NEC, am I actively participating in the operation of a business? I have no LLC.

pinkstarevents7 — Wed, 04 Feb 2026 05:59:19 GMT

Re: If I am a independent contractor with a 1099-NEC, am I actively participating in the operatio...

MindyB — Fri, 11 Apr 2025 00:52:56 GMT

Yes, if your work as an independent contractor was a business you operated with the primary purpose of profit, and were engaged in regularly, then you have a business and should report the income and related expenses on Schedule C. You don't need an LLC to report business income on Schedule C.

Here's how to report your business in TurboTax Online:

Navigate to Federal > Wages & Income > Self-employment income and expenses > Start
Answer "Yes" to the question "Did you have any self-employment income or expenses?"
Give a description of the business
Continue until the interview asks "how does your work fit into your big picture?", based on the information you provided, it's a business.
Answer all the informational questions until you get to the screen "Let's enter the income for your work." Here, enter what you were paid.
Once you've entered your income, type in your expenses in the proper categories, TurboTax Online will recommend popular categories, but refer to your records to ensure you are deducting all of your expenses

topic If I am a independent contractor with a 1099-NEC, am I actively participating in the operation of a business? I have no LLC. in Business & farm

If I am a independent contractor with a 1099-NEC, am I actively participating in the operation of a business? I have no LLC.

Re: If I am a independent contractor with a 1099-NEC, am I actively participating in the operatio...