3634987
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Investments: Stocks, Crypto, & More on July 16! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

My son received a 1099 NEC form for income. Does this also need to be reported as self employment income?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

My son received a 1099 NEC form for income. Does this also need to be reported as self employment income?

Depends. Was it a one off job or more continuous?

My son received a 1099 NEC form for income. Does this also need to be reported as self employment income?

Depends. Was it a one off job or more continuous? How much was it for? Any other income?

JamesG1
Expert Alumni

My son received a 1099 NEC form for income. Does this also need to be reported as self employment income?

The IRS presumes that income reported on an IRS form 1099-NEC is self-employment income reported on IRS Schedule C Profit and Loss From Business.

 

In TurboTax Premier Online, report self-employment income and expenses by following these directions:

 

  • Down the left side of the screen, click Federal.
  • Down the left side of the screen, click Wages & Income.
  • Click on the drop down arrow to the right of Self-employment.
  • Click to the right of Self-employment income and expenses.
  • At the screen Tell us the type of self-employment work you do, enter the answer and click Continue.
  • Establish the self-employment activity and report the income and expense.

See this TurboTax Help.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question