topic 1099-NEC in Business & farm

1099-NEC

rc97724 — Sat, 13 Mar 2021 18:24:47 GMT

I received a 1099-NEC from the local county auditor for Photography work that I did for the local Sheriff's department. How do I enter this so that it goes in as only business income, and not business as well as personal income?

Re: 1099-NEC

ToddL99 — Sat, 13 Mar 2021 18:54:32 GMT

As personal services (photography) income reported on Form 1099-NEC, it would get reported on Schedule C of Form 1040. The interview is located in the Self-Employment section of Income and Expenses (see the attached screenshot).

(If you only enter the 1099-NEC in this interview, it should not get counted twice).

Enter "1099nec" in the Search Box of TurboTax Self-Employed (or Home and Business) and select "jump to 1099nec" from the results.

Re: 1099-NEC

Rick19744 — Sat, 13 Mar 2021 20:34:25 GMT

Just to be clear, the income earned will be subject to both self-employment tax AND regular income tax.

This is no different than someone that gets a W-2; these earnings are subject to both SS (same as SE tax) and regular income tax. In the later case, the employer pays 1/2 of the SS tax.

However, you will get to deduct 1/2 of your SE tax when determining regular taxable income.