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posted Apr 1, 2025 9:05:44 AM

Issue witth 1099-NEC

For my 2023 Tax return, my for 1099-NEC was placed on form SCHEDULE 1 Form  1040 - Additional Income and Adjustment to Income. Where do I find this form on Turbo Tax? My 1099 NEC form does not apply to a business or self employed offered by Turbo Tax. Once or two a month I go to the company  where I testing food or household product. I spend 1 hr or less per visit. Please advice where I can fill my 1099-NEC on SCHEDULE 1 Form  1040 - Additional Income and Adjustment to Income?

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1 Replies
Expert Alumni
Apr 1, 2025 9:28:34 AM

It depends. You can add the income to Schedule 1, however this appears to be a hobby which does not allow any expenses to be used against the income.

 

You can decide if it is hobby or business income.  This IRS link will help you: Business or Hobby?

 

Key elements:

  1. A hobby requires you to report the income you received and under the current tax law, Tax Cuts and Jobs Act (TCJA), no expenses are allowed to be used to reduce the money collected even if you itemize deductions.
  2. A business allows you to deduct the costs necessary to obtain the income.  The law explains that 'you must be engaged in the activity to produce a profit'.  The test under IRS tax law is that you must show a profit three out of every five consecutive years to be considered a business.

Once you decide what type of income this is you can use the links below to see how to report.

If it is a hobby you can use the steps below to report your income.

 

Other Miscellaneous Income:

  1. Go to the Wages and Income  section of TurboTax
  2. Scroll to  Less Common Income > Select  Miscellaneous Income, 1099-A, 1099-C
  3. Select Hobby Income and Expense > Enter the income