I am a teacher at a public school in New York State and as such am a member of a union. I participate in leadership roles related to local chapter work and receive a stipend from my local chapter as a result. They give me a 1099-NEC to report this income and I do not know how to answer questions related to being self-employed as I am not self-employed; I am part of my local union chapter under the larger umbrella of NYSUT.
How do I fill this out accurately?
You received Form 1099-NEC for non-employee compensation so you are considered an dependent contractor. The IRS considers income earned as an independent contractor, self-employment income. Refer to the IRS website Independent contractor defined for further explanation.
You are considered self-employed and will complete Schedule C which is how you report your self-employment income. The good news is that you can deduct ordinary expenses that you incurred making this income. Follow the steps below to enter your income.
For more information, refer to the TurboTax article What is a 1099-NEC?
For additional information, review the TurboTax help articles: What self-employed expenses can I deduct? and How do I report income from self-employment?
You will also be subject to self-employment taxes. Self-employment taxes and deduction are calculated on Schedule SE. For additional information, please see the TurboTax article Self-Employed Federal Income Taxes.