!099 NEC and Schedule C

Forum|Forum|3 years ago
February 3, 2023
3 replies
46 views

I am retired (since 2019 and collecting Social Security) but last year was contacted by a previous client to provide a training program that I had done for them in the past. I did the training (which required travel) and was paid on a 1099-NEC. This is probably a one off event and won't happen going forward. TurboTax Premier wants to treat this as self employed and complete a Schedule C. Is this the right way to do this as I am not looking to be an "ongoing concern".

GeorgeM777

Alumni - Intuit

No, based on the information you provided, this appears to be "other income," and not self-employment income. To enter other income in TurboTax online, click on Wages & Income, scroll down the page to Less common income, click on the drop-down arrow and select Miscellaneous Income. From the list select Other reportable income and respond to the questions on the screens that follow.

@phil106

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phil106Author

Level 3

Thanks for your prompt response. If I have some travel expenses associated with this income (getting to the client to deliver the class) is there still a way to deduct them using the income approach you described.

AliciaP1

Alumni - Intuit

No, if you want to use the travel expenses to offset the income, then you need to report both on a Schedule C. You can have a Schedule C for one year only and not create a flag with the IRS.

@phil106

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